Security Risks: Expectations & Obligations for Boards
Women on Boards has partnered with McGrathNicol to deliver a five-part program.
For the past five years, cyber risk has been at the top of risk registers across the country. Sharp jolts are now being felt due to geopolitical, climate and energy concerns leading to persistent questions of how this is impacting business and what the short term outlook will be. As a result, Boards and management are increasingly evaluating their exposure to the geopolitical outlook, supply chain vulnerabilities and the ever present threat of a cyber-attack.
In an effort to encourage proper safeguards, the Australian government has passed amendments to the Security of Critical Infrastructure (SOCI) Act 2018. All critical asset owners and operators must now manage the security and resilience of their critical infrastructure assets to avoid financial penalties. Whilst this may be viewed as impacting certain industries, the reality will be a shift in security expectations and obligations across the wider business community to deliver a more secure supply chain.
Notably, some Boards will now be required to annually certify that risk management programs are up-to-date and that all hazards that may have a significant relevant impact on asset(s) have been identified. Boards, executives and senior business leaders therefore have a crucial role to play in making their organisation a collaborator on this issue and to avoid complacency.
At the end of the program participants will:
- Understand the wider implications of the Security of Critical Infrastructure (SOCI) Act amendments and how they may impact organisations that sit within the supply chain of the eleven critical infrastructure sectors
- Be attuned to a range of hazards which may significantly compromise the security and resilience of an organisation
- Know what best practice Risk Management Programs look like
- Understand what key risk questions Board members should be asking senior executives
This program is for:
- Established & emerging directors
- CEOs and executives
- Risk and compliance managers
- Security and supply chain specialists
23 Aug 2022: Module 1 | Risk Management Program with Matt Fehon AM & Caroline Mackinnon
30 Aug 2022: Module 2 | Cyber Security Risk with Joss Howard & Stephanie Lo
6 Sep 2022: Module 3 | Supply Chain Risk with Selina Gerner & Joanne Bermingham
13 Sep 2022: Module 4 | National Security Risk with Sam Boarder
20 Sep 2022: Module 5 | Panel Session including networking and lunch with Zorana Bull, Abigail Goldberg and Dr Sarah Morrison.
- Modules 1-4 will be held via Zoom on Tuesdays from 12.00 noon - 1.00 pm AEST (NSW time) - A recording is available if you cannot attend all sessions.
- The culminating panel session (Module 5) will be held on Tuesday from 12.00 noon - 2.30 pm both in-person at McGrathNicol, Martin Place, Sydney and online via Zoom*.
The program fee is $330 (Full Members) or $550 (Basic Members) for four (4) virtual modules and one (1) face-to face panel session including lunch at McGrathNicol, Sydney.
*10% discount applies to anyone attending the entire program virtually (excludes networking & catering). Please use disc code: SECURITY10.
Women on Boards in conjunction with McGrathNicol are offering two (2) Security Risk program scholarship places to women serving on a NFP board. To apply please email Angela Bowen - email@example.com with:
- An introduction (Include your name, where you reside (country, state), your current role, and NFP board you are currently serving on)
- How you would seek to benefit from the program
- Confirm you can attend the five (5) online sessions
- Outline your financial need.
Closing date is COB Friday 12 August 2022. Applications and queries should be directed to firstname.lastname@example.org.
Matt Fehon AM - Partner McGrathNicol
Non-Executive Director, Ronald McDonald House Charities Sydney
Matt is a highly regarded corporate advisory specialist and forensic expert who specialises in financial crime, corporate corruption and regulatory investigations, dispute advisory, enforceable undertakings and risk advisory.
A Forensic Accountant with more than 30 years of investigative and consulting experience, Matt has built a reputation for integrity and excellence together with an ability to quickly get to the source of a problem. This is best evidenced through significant investigations he has led into fraud, international corruption, foreign interference and financial markets manipulation.
Matt has assisted clients respond to crisis situations and used this experience to assist them proactively with business reorganisation and improvement assignments. The diversity of assignments extends across most industry sectors, with particular experience in the financial services, construction, resources and government sectors.
Joss Howard - Cybersecurity Partner, McGrathNicol
Member of the Board of Advisors, InfoSecAssure Pty Ltd
Joss has led teams in delivery of technical, information security and cyber resilience projects for over 25 years. She has held senior security management positions in military, industry and professional services. Joss has advised companies globally, including in the aerospace, defence, finance, government, healthcare, leisure and retail, transport, telecommunication and utilities sectors.
Her professional services career has included working with an extensive number of clients globally, helping to tackle cyber risk and increase security posture. She specialises in assessing security posture, developing strategies, and identifying investments, resources and initiatives to achieve optimal cyber security growth for her clients. Further, Joss advises boards and senior management on initiatives to improve their business resiliency against cyber threats, reduce risks and protect profitability.
Selina Gerner - Partner, McGrathNicol
Selina has more than 13 years experience providing advice on financial performance and organisational improvement to not-for-profits, corporates, and all levels of Government. She specialises in strategy implementation, business transformation, financial modelling and governance.
Selina provides objective advice to help improve operational and financial performance, mitigate risks and manage periods of organisational change. She is known for getting to the bottom of complex issues and a relentless pursuit of value for her clients.
Selina’s extensive distressed transaction experience provides her with unique insights into what can go wrong to support her clients in making informed assessments of transaction risks.
Selina has worked across a broad range of industries but has recently provided extensive expert advice to health and aged care sector clients including providers and Government departments.
Sam Boarder - Partner, McGrathNicol
Sam leads the firms Government Forensic Investigations practice in Canberra, leading a specialised team with strong financial and misconduct investigations experience. With a specialisation in solving complex problems across macro-strategic and geo-political subject areas, Sam has an extensive background investigating security threats, providing vulnerability assessments and analysing disparate or conflicting information.
Sam is highly skilled at understanding and communicating complex security related risk, assisting clients mitigate foreign interference, trusted insider, supplier/supply chain and counterparty risk through the development of appropriate risk management processes. Throughout his career Sam has also built a reputation for delivering solutions to sensitive personnel security issues, collaboratively and with integrity.
Working at senior levels within the Australian Intelligence Community, Sam’s leadership in the counterintelligence and insider threat space directly influenced the requirements for change within Australia’s Espionage and Foreign Interference Legislation.
Non Executive Director, Port Authority of New South Wales
Non Executive Director, HealthShare NSW
Board Advisor & Non Executive Director, AirRoad Group
Managing Director, Altura Partners Pty Ltd
Zorana is an Oxford educated engineer, economist and professional Non-Executive Director. She has sat on three very significant commercial boards in Federal and State Government, and remains on two of these. Following a business turnaround and ownership transaction, she has recently transitioned from a Non-Executive Director with AirRoad Pty Ltd to a Board Advisor for new Japanese majority stakeholder Senko Group Co (9069:TSE). She is an experienced Chair of People, Culture and HR Committees.
Previously, Zorana was a Global Partner and in the role of Australian Chief Operating Officer at PA Consulting Group, the blue-chip European/ North American management consultancy. She was locally responsible for $40M revenue, 80 professional staff with key client accounts across the industrial, transport, utilities, & health sectors.
Chair, University of Sydney, Westmead PWG
Chair, Advisory Board, Water Infrastructure NSW
Chair, Air Quality Community Consultation Committees - M4_M5 and Rozelle Interchange, Transurban and Transport for NSW
Chair, Sydney Central Planning Panel
Committee Member, Audit and Risk Management Committee, South Western Sydney Local Health District
Chair, Local Planning Panels - City of Sydney and Willoughby City Council
Advisor, Treasury NSW, Infrastructure NSW, Schools Infrastructure NSW, EPA NSW
Executive Chair, GoldbergBlaise
Strategic thinker and accomplished Chair/Non-Executive Director/Commissioner. CEO experience in challenging public, private and listed businesses. Specialist in sustainable business transformation through ICT, risk, stakeholder engagement and cultural drivers. Deep sector knowledge of infrastructure, environment, property, resources and transport among others. International experience, qualifications and networks.
Dr Sarah Morrison
Course Advisory Committee Member - Bachelor IT & Cybersecurity, Australian Health and Science Institute
Chief Information Security Officer (Acting), Tesserent
Experienced Managing Consultant with a demonstrated history of working in the computer and network security industry. Skilled in Internal Audit, Management, Fraud Investigations, Risk Management, and Information Security. Strong consulting professional with a Doctor of Philosophy - PhD focused in Russian Information Operations from Swinburne University of Technology.
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