Information technology enables a company to connect with customers, run complex analytics, manage its sales force and perform a host of other mission critical functions. Despite its essential functions in every company’s corporate strategy, nearly half of directors surveyed by Oliver Wyman and the the National Association of Corporate Directors (NACD) were not satisfied with their ability to oversee IT risk. More troubling, roughly 70 percent said that they didn’t receive enough information to effectively oversee management’s governance of competitive IT risk.
This article sets out a series of key questions that will help Directors hold conversations with executives to help identify vulnerabilities determine IT trends and mitigate competitive IT risk.
This article is a companion piece to an earlier report from Oliver Wyman and the NACD, Taming Information Technology Risk, which can be accessed by clicking on the link on the right hand side. This article was first published in NACD Directorship October/November 2011 and can be downloaded by clicking the link below.
