GRC tut 1
.docx
School
Nanyang Polytechnic**We aren't endorsed by this school
Course
DATABASE 102
Subject
Management
Date
Dec 31, 2024
Pages
3
Uploaded by ProfessorMosquito4833
Official (Open) Tutorial 1 Introduction to IT Governance 1.Given a publicly listed telecommunications company in Singapore. Listas many possible stakeholders as possible. Owners/shareholdersBoard of directorsEmployeesCustomersGovernmentPublic at large2.It is said that Governance is about having the enterprise to ‘do the rightthing’. Explain what is meant by ‘doing the right thing’. Ans:The right thing refers to the organization setting out and achieving the missionas determinedand defined by the governing body (board of directors)3.According to OECD, what are the responsibilities of the board ofdirectors of an organization? To ensure the strategic guidance of the companyEffective monitoring of management by the boardBeing accountable to the company and stakeholders
4.The IT director decides that he will implement IT governance in hisdepartment, even though the company does not have a well-defined corporategovernance practice. a) Is this possible? Yes/No b) Give a possible reason why. a)No it is not possibleb)This is because IT governancerelies on corporate governancetodevelop the organizational objectivesto enable the highest level ofdecision making body in the companyto implement governance bestpractices in the company. Without that, IT governance is irrelevant andineffective.5.IT governance is not necessarily a pre-requisite for corporategovernance. True/False. Explain. IT governance is not required in an enterprise that does not use IT strategically. E.g. using it as word processor only. However, given today’s environment, this ishighly unlikely.6.A senior executive made a comment that IT governance is just a wasteof effort and it does not produce anything. Prepare a response to thiscomment.IT governance enables business processes which depend on IT to create value moreefficiently and effectively. In today’s digital world, some business processes cannotfunction without IT. For example, Airbnb, Grab food delivery, and Uber. For this reason,the effort spent on IT governance is both a necessary requisite to continue functioningof the business processes that create value for the company. (Ans to qn 6)Governance, Risk & Compliance
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