ICT GOVERNANCE
Is a subject of corporate governance focused on Information Technology, Information Systems, their performance use and its associate user.
Corporate governance: – Is adoption and uses of best practice regarding the management of an organization.
Importance of corporate governance
- It leads to an organization success and economic growth.
- It maintains investor’s confidence in an organization.
- Lowers the cost of capital.
- It leads to positive impact on the market price share.
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Principles of Corporate Governance
- Accountability
- Transparency
- Responsibility
- Fairness
- Leadership
- Corporate compliance
- ICT governance is due to governmental compliance and the needs to avoid disclosure or other forms of risks or scandals.
- The following table will help us analyze the relationship between ICT organization management and effects of its decisions.
| IT Decision | Senior Management Role | Consequences |
| How much should be spent on it | Defines the strategy role that it replays in the company and determine the level of funding need to achieve that objective. | Company fails to develop IT platform that further its strategy despite high IT spending. |
| Which process should receive its investments | To make clear decisions about which IT initialize will and will not be funded | Lack of focus the department which try to deliver many projects which may little company’s wide value |
| Whom do we blame if it fails | To assign a business executive to be account for every its project | A company may need to pay services option given its priority are not worth their cost |