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Questions and Answers
IT governance is solely concerned with the assessment of tactical IT resources.
False
The main objectives of IT governance include increasing risk and devaluing investments in IT resources.
False
Enterprise governance is only utilized by private companies, not government bodies.
False
Conformance processes in enterprise governance focus on strategy and value creation.
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Performance oversight in enterprise governance includes understanding the appetite for risk and key drivers of performance.
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Enterprise governance aligns easily with a regime of standards and audit for performance oversight.
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Governance in business enterprises is primarily about monitoring performance and empowering employees.
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Enterprise governance covers only corporate governance aspects of an organization.
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Corporate governance involves relationships only among a company's management and its board.
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The purpose of corporate governance does not include fostering long-term investment and financial stability.
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IT governance is not a subset of corporate governance.
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Monitoring performance is not a part of IT governance.
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Information security governance does not require strategic direction.
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The involvement of the board of directors and/or senior management is not necessary for effective information security governance.
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IT governing committees traditionally handle IT issues that are only relevant at the department level.
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Organizations must involve independent third parties to manage or perform audits when their own resources are sufficient.
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The key components of governance include organizational structure, but exclude decision-making entities.
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Members of the board of directors do not need to be aware of the organization's information assets and their criticality to ongoing business operations.
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Study Notes
IT Governance
- IT governance focuses on the management and assessment of strategic IT resources to ensure the enterprise sustains and extends strategies and objectives.
- Key objectives of IT governance are to reduce risk and ensure that investments in IT resources add value to the corporation.
Enterprise Governance
- Enterprise governance is composed of two dimensions: conformance and performance processes.
- Conformance processes encompass board structures and roles, executive remuneration, codes, and standards, with compliance subject to assurance and audit.
- Performance oversight focuses on strategy and value creation, with the board making strategic decisions while understanding its appetite for risk and key drivers of performance.
Organizational Structure
- Organizational structure is a key component of governance, identifying key decision-making entities in an enterprise.
- IT governing committees, such as executive-level steering committees, IT governance committees, IT investment committees, and IT management committees, help handle IT issues.
Information Security Governance
- Information security governance requires strategic direction, commitment, resources, and assignment of responsibility for information security management.
- Effective information security governance involves the board of directors and/or senior management in approving policy, ensuring appropriate monitoring, and reviewing metrics, reports, and trend analysis.
Governance Frameworks
- Governance in the context of business enterprises is about making decisions that define expectations, grant authority, or ensure performance.
- Enterprise governance is an emerging term that describes a framework covering both corporate governance and business governance aspects of an organization.
Corporate Governance
- Corporate governance encompasses ethical issues, decision-making, and overall practices within an organization.
- It involves a set of relationships among a company’s management, its board, its shareholders, and other stakeholders.
- The purpose of corporate governance is to help build an environment of trust, transparency, and accountability necessary for fostering long-term investment, financial stability, and business integrity.
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Description
Explore the key objectives and significance of IT governance in managing strategic IT resources, reducing risks, and increasing corporate value. Learn how enterprise governance is utilized by government bodies worldwide.
