Rolling Meadows, IL, USA, 16 March 2005—Good information technology (IT) governance, and the resulting benefits to the business, does not happen by accident. Enterprises need to actively prepare, implement and monitor effective governance over IT to increase business value and avoid serious financial risk and a tarnished reputation. To help CEOs fulfill their IT oversight responsibilities, the IT Governance Institute issued today The CEO’s Guide to IT Value @ Risk (PDF, 266K), its latest publication for enterprise leaders and boards of directors.
The CEO’s Guide to IT Value @ Risk centers CEO attention on IT—one of the most significant value drivers within an enterprise. The publication provides high-level guidance on the essential aspects of effective IT governance—ensuring value, mitigating risk, planning and execution.
“IT costs are often the second highest expenditures after staffing, and it is essential for CEOs and boards to appreciate the risks and the opportunities of IT. Since CEOs are ultimately responsible for their companies’ success or failure, they must ensure a system is in place for controlling and protecting their information. CEOs do not need to become IT authorities, but they should recognize the importance of implementing governance over IT, just as they do for other major assets. The CEO’s Guide to IT Value @ Risk provides high-level direction to help CEOs respond to these challenges,” said Marios Damianides, CISA, CISM, CPA, CA, international president of the IT Governance Institute, and partner, Ernst & Young LLP, NY, USA.
The CEO’s Guide to IT Value @ Risk is available to CEOs, board members and senior management as a complimentary download at www.itgi.org and includes guidance on:
The CEO and board’s evolving roles in ensuring IT value and reducing risk
The five key domains of effective IT governance
Required board skills and recommended board structure
Questions the CEO and board should ask to uncover IT issues, identify management practices and self-assess IT governance practices
The CEO’s Guide to IT Value @ Risk was developed by an international team of business IT experts including Paul A. Williams, FCA, MBCS, UK; Hugh Penri-Williams, CISA, CISM, CCSA, CIA, France; and Erik Guldentops, CISA, CISM, Belgium. The publication is based on their extensive experience working with CEOs and senior executives to implement IT governance programs in large global organizations.
The IT Governance Institute® (ITGI) was established in 1998 to advance international thinking and standards in directing and controlling an enterprise’s information technology. Effective IT governance helps ensure that IT supports business goals, optimizes business investment in IT, and appropriately manages IT-related risks and opportunities. ITGI offers symposia, original research and case studies to assist enterprise leaders and boards of directors in their IT governance responsibilities. For more information please visit www.itgi.org.
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