IT Governance

Information technology (IT) governance has taken on greater importance in the global economy. With the globalization of many industries and fi nancial markets, developed and developing economies are recognizing the importance of eff ective governance and controls to the success of organizations. Sarbanes-Oxley and Committee of Sponsoring Organizations of the Treadway Commission (COSO) in the United States, the Combined Code on Governance in the United Kingdom, and the Organization for Economic Cooperation and Development (OECD) Principles of Corporate Governance in Europe have set the bar for corporate governance. For IT, Control Objectives for Information and Related Technology (CT) is becoming a global standard for IT governance and controls. CT provides an excellent framework for implementing controls in IT to comply with Sarbanes-Oxley and other global governance standards. Organizations around the world are using the principles defi ned in CT to improve IT performance.