New ISO standard guides top management on IT governance

The new ISO/IEC 38500 standard will provide greater security against the risk of non-compliance. Inadequate IT back-up is adversely affecting the performance and competitiveness of many organisations. The new standard would help them in overcoming the hindrances.

François Coallier, chair of the ISO subcommittee, Software and systems engineering, commented that IT is the biggest enabler of future business and ISO/IEC 38500 will help top managements to evaluate and direct the use of IT in their respective organisations. The directors will get assistance in ensuring conformance to legislation, common law and contractual obligations.

The new standard ISO/IEC 38500:2008 will be applicable to all public and private companies of all sizes as well as not-for-profit organisations. It is the framework for the effective governance of IT. The standard comprises definitions, principles and models for good corporate governance. The principles include responsibility, strategy, performance, conformance, acquisition and human behaviour.

Alison Holt, chair of the IT Governance Working Group, declared that ISO/IEC 38500:2008 is specifically evolved to assist the board of an organisation in delivering maximum value from IT and information assets.

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