- All companies are re-evaluating their governance in light of high-profile corporate scandals, such as Enron and WorldCom, to bring it in line with emerging global standards and legislated requirements. This is generally improving the overall state of corporate governance globally. - The leadership and management of a business are directly accountable to its owners (i.e., shareholders) for proper operation and financial control of the organization. o Deliberate and complete disclosure and reporting of results for a public company - Given the global expansion of businesses and public demand to control what many see as massive corporate excess and global fraud, it is no surprise that stakeholders
o national governments have increased their involvement in ensuring effective governance - are the business professionals who implement and follow governance policies and processes, they need to understand technology and its impacts on both corporate and IT governance. IT governance is the ―distribution of IT decision -making rights and responsibilities among enterprise stakeholders, and the procedures and mechanisms for making and monitoring strategic decisions regarding IT.‖ IT governance begins as a very high-level process that specifies: (1) How the organization will set goals, objectives, priorities, and policies for IT (2) How it will integrate IT with business strategies and goals (3) Which organizational members will make decisions regarding, and be responsible for, the successful completion of these tasks (the “who” of IT governance - To be better professionals one of our obligations is to continually enhance the role of our profession as it relates to contributing to society and not just remaining self-interested. The CIO: Managing IT Governance Chief information officer (CIO) - usually leads the organization’s information and technology efforts, especially as it relates to the creation of business value. - must ensure proper and secure use of all the organization’s information resources, and particularly the organization’s compliance with privacy laws and regulations in every jurisdiction in which it operates However, since not all organizations have a formally designated CIO, the role of ensuring that IT governance is properly in place is actually the responsibility of the senior executive team and the board of directors. Ultimately, it is up to them to decide who will be responsible for IT governance within their organization. The most basic point here is simply to ensure that IT governance is not an afterthought, but rather forethought. Professional Codes of Conduct and Practice Industry associations, professional bodies, and industry think-tanks for many professions — IT included — often develop, publish, and promote codes of conduct . Code of Conduct - set of rules outlining the responsibilities of or proper practices for an individual or organization. Related concepts include ethical codes and honor codes .
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- Fall '12
- Business, Management