"Modern capitalism is totally dependent on high standards of governance"--George Fox, previously Director General of The Institute of Directors New legislation has serious implications for your company, your reporting and the design of your IT systemsCorporate fraud, illegal use of resources, sexual and racial harassment all increasingly occur in the digital domain.Directors face potentially huge fines and in some cases imprisonment for breach of the law.Are you aware of the sections of the Companies (Audit, Investigations and Community Enterprise) Act, 2004 affecting IT Governance? They came into effect in April 2005. Do you know what their implications are for your business?Good IT governance is central to good organisational governance. You cannot control what you can't measure.This specially commissioned report sets out:What the latest legislation says and what it meansIts impact on the organization as a whole and on the IT group specificallyHow to implement an effective IT governance initiative in your company7 key benefits you gain through effective IT governance:your information systems provide a true picture of the business you avoid the risk of stringent penaltiesyou identify and manage IT-related risk efficientlyyour automated systems contribute effectively to your business goalsyou have an accurate picture of what is stored on your serversyou know what your IT staff actually do, and above all you ensure transparency and avoid a corporate horror-story in your companyThis report is intended for:Board-level directors responsible for organisational governance and therefore good governance of automated systems.IT managers responsible for ensuring that the organisation's governance policies are effectively implemented.IT practitioners who want to assess the impact of an increased emphasis on corporate governance in their working life.Auditors keen to get to grips with IT governance issues.
Author(s): David Norfolk
Year: 2005
Language: English
Pages: 90
