Bow to the King (IV)? A new era for IT governance in South Africa

Koornhof, Pieter and Theron, Hendrik (2016). Bow to the King (IV)? A new era for IT governance in South Africa. IN: Proceedings of the African Cyber Citizenship Conference 2016 (ACCC 2016). Van Niekerk, JF (ed.) Port Elizabeth, South Africa: Nelson Mandela Metropolitan University.

Abstract

Information Technology has become pervasive. No business can function efficiently without embracing the opportunities that dynamic IT practices present. A number of recent hacking and other IT related scandals illustrate that companies can’t afford to be blind to the risk that poor governance in this arena presents. IT is no longer part of doing business but business itself, and IT governance can no longer hover on the periphery of corporate culture. It speaks to the very core of modern corporate governance and risk management. In general, IT governance seeks to regulate and govern areas such as the electronic privacy of customers and employees, the productive use of IT in business; the protection of the online presence of business structures and minimum security standards. In the South African context, the 2009 King Report was notable for its inclusion of an entire Chapter dedicated to IT governance, one of the only self-regulatory codes to speak to it in such detail directly. Currently a fourth version of the report is being prepared, and its recently published draft shows a marked departure from previous versions, being a much more pared-down document. Significantly, the IT governance chapter has been removed, seemingly because principles related thereto have been disseminated throughout the draft report. This contribution assesses the state of IT governance before comparing King III to the Draft King IV Report. It is concluded that the move to less direct recommendations on IT governance is in line with foreign corporate governance codes, and that companies tend to adopt international standards in relation to this aspect.

Divisions: Aston Business School > Law
Aston Business School
Additional Information: © 2016 The Authors
Event Title: African Cyber Citizenship Conference 2016
Event Type: Other
Event Dates: 2016-10-31 - 2016-11-01
Published Date: 2016-11-01
Authors: Koornhof, Pieter ( 0000-0002-5976-1109)
Theron, Hendrik

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