IT governance
IT governance
IT Governance is a subset discipline of corporate governance focused on information technology systems and their performance and risk management. The rising interest in IT governance is partly due to compliance initiatives, for instance Sarbanes-Oxley (SOX) in the USA and Basel II in Europe, as well as the acknowledgment that IT projects can easily get out of control and profoundly affect the performance of an organization.
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Highlights
In 2008, the Securities Association of China issued a "trial version" of the IT Governance Guidelines for the securities industry.
We know Compliance and eDiscovery business requirements are driven by the need to manage different types of information risk – the risk of not being able to find evidence during litigation and the risk of not retaining records in compliance with specific legislation, or in other words an inability to access or organize relevant information. After all, why retain data if you can't search or organize it?
The collapse of the global financial crisis in 2008 highlighted the inadequacy of existing regulatory frameworks. That regulators would allow global institutions like Lehman Brothers to run freely amok and cause widespread chaos across other industries is a clear indication that governance isn’t working the way it should be.
IT departments across firms around the world are still employing old ways to govern the cloud.
Dr. Mark Moerdler suggests that to avoid potential legal or regulatory issues, it is important for enterprises to re-visit their information lifecycle and discovery strategy.
In the private sector, CIOs are focused mainly on finding and implementing solutions that will move the business’s vision forward while cutting costs and boosting revenues. In the public sector, money matters, of course — particularly with California, as we’ve all heard about the state’s budget crisis — but the bottom line is far more intangible and difficult to measure with traditional ROI formulas.
The Chinese government has vowed tougher punishment for local website operators which publish pornography and other obscene content, as it gears up its porn crackdown.
Power firm CLP Group talks about how they handle IT governance in their company, ensuring project implementations deliver real benefits to the company.
