What Is the Role of the Board-Level Technology Committee?

13 Pages Posted: 1 Oct 2019

See all articles by Steven Harrast

Steven Harrast

Central Michigan University - School of Accounting

Amy Swaney

Central Michigan University

Date Written: June 6, 2019

Abstract

The board-level technology committee (TC) could play a significant role in enterprise risk management. Unfortunately, only about ten percent of public companies have chartered such a committee. Far from being a monolith, companies that charter a TC often use it to control strategic and/or operational risk. The more popular option is strategic risk management. There is evidence that the TC mitigates the negative market reaction to data breaches (Higgs, et al 2016). Based on a review of fifty existing TC charters, TCs today focus mainly on strategic risk — the risk associated with strategic product technology development.

Keywords: technology committee, committee charter, data breaches

Suggested Citation

Harrast, Steven and Swaney, Amy, What Is the Role of the Board-Level Technology Committee? (June 6, 2019). Available at SSRN: https://ssrn.com/abstract=3456770 or http://dx.doi.org/10.2139/ssrn.3456770

Steven Harrast

Central Michigan University - School of Accounting ( email )

Mt. Pleasant, MI
United States

Amy Swaney (Contact Author)

Central Michigan University ( email )

Mt. Pleasant, MI 48858
United States

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