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Inexpert Supervision: Field Evidence on Boards’ Oversight of Cybersecurity

Author

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  • Michelle R. Lowry

    (Accounting and Information Systems Department, Pamplin College of Business, Virginia Tech, Blacksburg, Virginia 24060)

  • Anthony Vance

    (Department of Business Information Technology, Pamplin College of Business, Virginia Tech, Blacksburg, Virginia 24060)

  • Marshall D. Vance

    (Accounting and Information Systems Department, Pamplin College of Business, Virginia Tech, Blacksburg, Virginia 24060)

Abstract

We conduct a field study of boards’ emerging responsibility to oversee cybersecurity risk, a setting in which few directors have expertise. We find that, although nonexpert directors may genuinely seek to provide diligent oversight, without expertise their efforts lack substance and therefore are mostly symbolic, even when they perform the same oversight activities as expert directors. We also explore why boards do not prioritize the appointment of cybersecurity experts and show that nonexpert directors do not perceive that their efforts are symbolic and insufficient. In contrast, expert directors perceive keenly the deficiency of their nonexpert counterparts and argue for the need for more cybersecurity experts on boards, and this viewpoint is shared by cybersecurity executives and consultants who support the board. Thus, we contribute to our understanding of when boards are likely to provide substantive versus symbolic oversight and inform the debate on the merits of board-level cybersecurity expertise.

Suggested Citation

  • Michelle R. Lowry & Anthony Vance & Marshall D. Vance, 2026. "Inexpert Supervision: Field Evidence on Boards’ Oversight of Cybersecurity," Management Science, INFORMS, vol. 72(2), pages 783-804, February.
    • Handle: RePEc:inm:ormnsc:v:72:y:2026:i:2:p:783-804
    DOI: 10.1287/mnsc.2023.04147
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