Why has corporate governance become a hot issue for IT recently?
Quite simply, people have run out of trust. We have seen too many corporate scandals, overpayment of executives and failure to report accounts. Corporate governance will have an impact because there are a plethora of reports in different parts of the world, all calling for the same thing. Is corporate governance anything more than a box-ticking exercise for IT? I can understand why IT teams would think that corporate governance is nothing more than a box-ticking exercise, because that’s how it has been approached. One of the biggest areas where you can cook the books is in systems that are not joined up. In such an environment, it’s not hard for things to be misrepresented. What will be expected of IT here? Corporate governance is a people issue rather than technical issue. IT’s main role will be to provide non-executives with their information streams. If everyone is drawing off the same pot, then all figures should be compatible. IT should be able to work for all employees to ensure
