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The role of IT within key organisations has altered in recent years.
Traditionally, the involvement of board-level executives in IT issues was to defer all key decisions to the company’s IT department. However, since the widely reported collapse of Enron in 2000, the duties and responsibilities of auditors and the boards of directors for public and privately held corporations have changed.
IT Governance is a subset discipline of Corporate Governance focused on IT systems and their performance and risk management. This means that all stakeholders, including the board, executive management, customers, and staff have clear accountability for their respective responsibilities in the decision making processes affecting IT. This prevents IT or business leaders from independently making decisions about IT without retaining responsibility for their actions and the impact they have on supporting the achievement of strategic objectives.
eBECS understands that IT Governance has a major role to play at board-level because it is directly related to the investment choices taken by top management, which have long term consequences for various stakeholders.
eBECS also understands that the problem with IT Governance is that often it is confused with good management practices and IT control frameworks. ISO 38500 has helped clarify this confusion by describing it as the management system used by directors, or rather the stewardship of IT resources on behalf of the stakeholders who expect a return from their investment.
Whilst eBECS delivers the essential components of good governance through helping its clients manage risk and ensure compliance, it also sees the value of being focused on delivering value to the business and measuring performance.
Please contact eBECS if you would like to know more.