ICT and Governance

ICT and governance are defined as a “framework for the leadership business processes, standards, and compliance with these standards, ensuring that the organization’s IT is supported and its strategy and objectives are achieved.”

Principles of ICT and Governance

ISO/IEC 38500 launches six propositions for good corporate ICT and governance. These propositions talk about the behavior which is preferred for the guidance of the decision-making process.

The first principle is accountability. Individuals and groups within the organization are aware of and accept their roles in terms of both ICT supply and demand. Those who are in charge of actions also have the authority to carry them out. This is an important principle of ICT and governance. 

The second principle is strategy. The existing and future capabilities of ICT are addressed in the organization’s business strategy, and the strategic ICT plans ensure that the current and ongoing needs of the organization’s business strategy are met. This is a crucial principle of ICT and governance.

The third principle is acquisition. ICT acquisitions are made for a variety of reasons, based on suitable and continuing analysis and decision-making that is clear and transparent. In both the short and long term, a proper balance has been incorporated between rewards, opportunities, expenses, and dangers. This is a principle of ICT and governance that holds a lot of importance. 

The fourth principle is performance. ICT is appropriate for supporting the organization, offering the services, levels of service, and service quality required to satisfy current and future business requirements. This is an important principle of ICT and governance.

The fifth principle is conformance. ICT operates in line with all applicable laws and regulations. This is a crucial principle of ICT and governance.

The sixth principle is Human Behavior. ICT policies, practices, and decisions foster human behavior respect, taking into account the existing and evolving needs of all “people in the process.”

What is governance?

IT Governance (Information Technology Governance) is a method of monitoring and controlling that ensures the delivery of value to an organization’s main stakeholders. The following are the main points of this definition:

IT Governance is a set of procedures that must be followed.

The goal of IT Governance is to ensure that “IT system performance” and “IT risk management” do not interfere with the achievement of business results. IT Governance, on the other hand, is concerned with the decisions that have an impact on the business value.

What are the types of governance?

Five Types of Governance are the following

Democracy

A democracy is defined as a system of government with supreme potential placed in people. It had originated in the fifth century B.C. The word democracy in Greek means  “Rule by the People”. Most people refer to the United States as an example of a democratic government system because the United States has a representative democracy. 

Republic

 Republic government system is where the power also rests in the hands of the people, as they elect or choose the country’s leader, and the leader is not appointed or inherited power. If we have to broadly define a republic, we can say it is a government system exclusive of the monarch. A group of nobles may govern a republic, till there is not a single monarch. 

Monarchy

In a monarchy, a single-family holds the state power which inherits rule from one generation to the next. Monarchy involves an individual from the royal family holding the position of power until they die. 

Communism

A communist government system is usually about a particular ideology of communism which has been taught by Karl Marx or Vladimir Lenin. In this type, a single party or group of people generally runs communist states. Examples of the type of government include China, Cuba, and Vietnam.

Dictatorship

In a dictatorship, only a single person, who is called the dictator, holds absolute power over the state. Aspects of this, often involve military organizational backing, unfair elections (if any), and various human rights violations. 

Conclusion

Corporate governance of ICT is defined by ISO/IEC 38500 as “the framework that directs and governs existing and future ICT usage.” This includes assessing and directing how ICT is used to help the organization, as well as monitoring how it is used to carry out plans. Therefore, the corporate governance of ICT is important to form good governance.