Diamond Member Pelican Press 0 Posted June 13, 2024 Diamond Member Share Posted June 13, 2024 This is the hidden content, please Sign In or Sign Up employees’ cybersecurity work will factor into their pay Satya Nadella, CEO of This is the hidden content, please Sign In or Sign Up , arrives at federal court in Washington, D.C., on Monday, Oct. 2, 2023. Nathan Howard | Bloomberg | Getty Images This is the hidden content, please Sign In or Sign Up will evaluate its employees’ cybersecurity contributions in reviews that will factor into their compensation, Brad Smith, the company’s vice chair and president, said ahead of a Thursday U.S. House committee hearing on the software maker’s security practices. The changes represent part of This is the hidden content, please Sign In or Sign Up ’s efforts to address concerns about how much it’s doing to protect its clients’ data. In April, the Department of Homeland Security issued a report based on an independent review of China’s breach of U.S. government officials’ email accounts, an incident that This is the hidden content, please Sign In or Sign Up disclosed last year. This is the hidden content, please Sign In or Sign Up committed to changing some practices in response to shortcomings identified in the report. In a Wednesday addendum to his This is the hidden content, please Sign In or Sign Up to the House Committee on Homeland Security, Smith wrote that security will be a new core priority, alongside other areas, for its employees’ twice-annual reviews with managers in the 2025 fiscal year, which begins on July 1. For senior executives who regularly meet with CEO Satya Nadella, one-third of the “individual performance” part of their bonuses in the 2025 fiscal year will be tied to a review of their cybersecurity work from the board’s compensation committee, Smith wrote. He added that a third party not identified in the addendum will provide Nadella and the board committee with an independent assessment to assist with the review. For the current fiscal year, these high-ranking executives might see cybersecurity-related impacts reflected in their pay. “The Board also decided that for the current fiscal year, which ends on June 30, the Compensation Committee will consider explicitly each SLT member’s cybersecurity performance when it makes its annual assessment of the executive’s performance,” Smith wrote. “Beyond the design changes to our executive pay program to include a greater accountability for cybersecurity, the Board also has the ability to exercise downward discretion on compensation outcomes as it deems appropriate.” The hearing starts at 1:15 p.m. ET on Thursday and will be This is the hidden content, please Sign In or Sign Up on This is the hidden content, please Sign In or Sign Up . WATCH: This is the hidden content, please Sign In or Sign Up Security VP Vasu Jakkal talks cybersecurity with Jim Cramer This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up Corp,Business,Technology,Breaking News: Technology,Enterprise,business news # This is the hidden content, please Sign In or Sign Up #employees #cybersecurity #work #factor #pay This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/46123-microsoft-employees%E2%80%99-cybersecurity-work-will-factor-into-their-pay/ Share on other sites More sharing options...
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