Explain in detail governance, corporate governance and
information security governance and
their outcomes.
Explain in detail governance, corporate governance and
information security governance and
their outcomes. (40 marks)
Governance is the set of responsibilities and practice exercised by those responsible for an enterprise with the goal of providing strategic direction ensuring that objective is are achieved ascertaining that risk are managed appropriately and verifying that enterprise's resources are used responsibly. Management process is the output from the governance process.
Corporate governance –An internal system encompassing policies processing and people which serves the needs of stakeholders and other stakeholders by directing and controlling management activities , with good business savvy , objectivity , accountability and integrity. Corporate governance is reliant on external Marketplace commitment and legislation , plus a healthy board culture which safeguards policies and processes. Corporate government is the combination of rules process or law by which businesses are operated regulated or controlled. Corporate governance is the collection of mechanisms process and relations used by various parties to control and operate corporations . The board of directors is responsible for creating the Framework for corporate governance that best aligns business conduct with objectives . The main pillars of corporate governance are rules of law moral integrity , transparency , participation , responsibility and accountability , effectiveness and efficiency . The fundamental objective of corporate governance is to host and management stakeholders value and protect the interest of other stakeholders .
Information security governance – information security governance can be defined as a process of establishing and maintaining a framework and supporting management structure and processes to provide assurance that information security Strategies and aligned with the support businesses objectives are consistent with applicable laws and regulations through adherence to policies and internal control and provide assignment of responsibility all in an effort to manage risk . Information security governance insures that an organisation has correct information structures , leadership and guidance. Outcomes of information security governance – Resource Management by utilising information security knowledge and infrastructure efficiently and effectively. strategic alignment of information security with business strategy to support organisational objectives . Risk Management by educating appropriate measures to manage and mitigate risk and reduce potential impacts on information resources to an acceptable level. Performance measurement by measuring monitoring and reporting information security governance metrics to ensure that organisational objectives are achieved .
Explain in detail governance, corporate governance and information security governance and their outcomes. Explain in detail...
What is corporate governance? Who are the players of corporate governance? (Discuss in detail) What do top executives do? Do managers matter? (Discuss the doubtful view and the positive view) Discuss the different theories of corporate governance (Agency theory, stewardship theory, institutional theory, resource based view, resource dependence theory) What is agency problem? Discuss agency theory and its implications for corporate governance. Discuss insider, outsider and gray directors. Explain “voice” and “exit” as mechanisms of control. Discuss the mechanisms of...
Review the website of any country with information on corporate governance. Compare and contrast the corporate governance system of that country with that of the United States.
Which of the following information security governance structures establish the appropriate policies, procedures, and processes dealing with risk management and information security strategies at the cost of consistency throughout the organization as a whole? a) Centralized governance b) Decentralized governance c) Hybrid governance d) Virtual governance
Information Governance, IT Governance, Data Governance: What’s the Difference? Briefly explain.
What impact does maturity have on an organization's security policy framework and information security governance?
The governance of information security is a strategic planning responsibility whose importance has grown in recent years. Discuss ways senior leaders and executives can ensure the proper governance of information security.
Good corporate governance is said to be one of the key contributors of the company’s success. a) Define what corporate governance is, and explain why an effective internal audit function and the audit committee are referred to as one of the cornerstones of good corporate governance? (8 marks) b) International standard in audit 220(ISA 220) “quality control for audit financial statements” gives 6 main requirements of quality control procedures for an audit of financial statements of the audit firm. List...
corporate governance is:
Although there are many different cultural and legal approaches used in corporate governance worldwide, there is a growing consensus on what constitutes good corporate governance. List and explain at least three standardized common principles of good corporate governance.
A board of directors (BOD) is a crucial part of attaining good corporate governance. Explain the main responsibilities of a BOD. Illustrate two typical governance structures of the BOD and further elaborate on the role and extent of employee participation in relation to the two structures. You may include visual aids in your answers.