IT Governance: Implementing Frameworks and Standards for the Corporate Governance of IT

INTRODUCTION: CORPORATE GOVERNANCE CONTEXT

Corporate governance is a daily newspaper subject and, to one extent or another, all company directors—and the directors of public sector and quasi-autonomous governmental organisations (known in the UK as ‘quangos’)—want to know what corporate governance really means for them. What is good corporate governance practice? To whom does the UK’s Combined Code really apply? Is SOX⁴ important outside the US? Should the directors of privately owned companies pay the same attention to corporate governance as those that are listed on public exchanges?

In the twenty-first century, corporate governance has become critical for all medium-sized and large organisations. Those without a governance strategy face ...