IT Governance: Guidelines for Directors

CHAPTER 7: DESIGNING AN IT GOVERNANCE FRAMEWORK

While there are certain immutable principles of good governance – accountability, shareholders’ rights and transparency – every organization has to design and implement a corporate governance framework that fits with its own business culture, business strategy and business model. There’s no ‘one-size-fits-all’ solution to corporate governance.

Practically speaking, every best-practice corporate governance framework is likely to have a number of elements in common, including: separation of the roles of Chairman of the Board and CEO, with the Chairman likely to be non-executive and probably not a past CEO of the organization; a majority of outside or non-executive directors on the board, chosen ...