The Board of Directors and the Management of Information Technology

ABSTRACT While IS researchers studied the role of the CIO extensively, little work is reported on how CEOs and Boards of Director influence IT investments and the adoption of IT enabled strategies. This paper examines the association of board characteristics with IT investment decisions and the role of the CIO. Our research confirms that CEOs and boards of companies to date have limited IT experience. We find that younger boards, and those with more IT-experienced external board members are associated with larger IT investments and the presence and role of a CIO

The impact of IT governance wisdom on board decision-making: A perspective of the philosophy of The Art of War

Board decision-making is a complex process. It is represented by reasoning for choosing the most suitable alternative within a series of options for the operation of the corporation. In practice, strategic decision-making is an important function of the board of directors, especially in the information age. Although there are various determinants of the board for carrying out decision-making, there has been little research concerning the impact of information technology (IT) governance wisdom on board decision-making. This study seeks to investigate the origin of IT governance and analyze IT governance wisdom from the perspective of the philosophical thinking of The Art of War. The analysis indicates that the concept of IT governance must have been produced no earlier than the late 1990s, highly likely at the beginning of the 21st century. In addition, this study presents the results of qualitative field research of a Chinese information and communication technology (ICT) company which indicates that it has an important meaning in explaining IT governance wisdom might have a significant influence on board decision-making. In summary, the importance of information governance wisdom in the decision-making process of the board of directors is also a reflection of intelligent management while considering the interests of shareholders in the digital era

Canadian Cooperative Wildlife Health Centre, Annual Report for 2005-2006 (English)

About the CCWHC What We Do Wildlife Disease Surveillance Wildlife Disease Surveillance - Highlights from 2005 CCWHC Information Technology Centre Information Services Education Wildlife Disease Response and Management Publications and Reports CCWHC Information Technology Centre Financial Report for 2005-2006 - Core Program Revenues Financial Report for 2005-2006 - Core Program Expenses Staff and Associates of the Canadian Cooperative Wildlife Health Centre 2005-06 Canadian Cooperative Wildlife Health Centre Board of Directors—2005-200

Information Technology (IT) Integration and Cybersecurity/Security: The Security Savviness of Board of Directors

As Information Technology has become increasingly important to the competitive position of firms, managers have become more sensitive to their organization’s overall IT risk management. Given the significant cyber-attacks that are occurring with disturbing frequency, and the mounting evidence that companies of all shapes and sizes are increasingly under a constant threat of cyber-attacks, ensuring the adequacy of a company’s cybersecurity measures has become a key area of purview for the Board of Directors (BoD). To address this issue, staffing the Board with members who have significant security expertise might be one of the best protective mechanisms in an increasingly risky business environment, both from the perspective of sound corporate governance and in terms of sensible IT governance. We expect that high-tech firms are far likely to have Board members with security expertise, and we expect that the degree to which IT is a differentiator or primary value proposition in the firm will moderate the presence of security expertise at the Board level, and we also expect that internal audit capabilities with security expertise will tend to moderate between a firm’s technological sophistication and security expertise at the Board level

Qualifications of Executive Nurses for Service on Hospital Boards

Abstract Healthcare governing boards have responsibility for the legal and financial stability of the organization. They are assuming more responsibility for quality care and outcomes. Nurse leaders have valuable insights into key shared governance issues such as quality of care, financial performance, legal requirements, and regulatory oversight. Yet, only 5% of the 3.2 million nurses in the U.S. health workforce hold a seat on hospital governing boards in the United States. The purpose of this study was to explore how nurses with executive experience perceive their own leadership qualities in the context of established requirements for executive hospital boards. Fifty chief nursing officers and nurse directors completed a quantitative survey using the Center for Healthcare Governance assessment tool of the American Hospital Association. This survey details a desired list of skills, experience, and personal qualities for board placement. Participant responses to the survey indicated that senior-level nurse executives had significant expertise in business management, administration and policy, clinical experience, quality and patient safety, ethics, and diversity. Areas needing further development were finance, human resource management, information technology, board governance, and community relations. This information can be used to educate hospital boards regarding the qualifications of nurse leaders. Nursing organizations and academia could use this information to round out the skills of senior nursing leaders

Corporate information risk : an information security governance framework

Information Security is currently viewed from a technical point of view only. Some authors believe that Information Security is a process that involves more than merely Risk Management at the department level, as it is also a strategic and potentially legal issue. Hence, there is a need to elevate the importance of Information Security to a governance level through Information Security Governance and propose a framework to help guide the Board of Directors in their Information Security Governance efforts. IT is a major facilitator of organizational business processes and these processes manipulate and transmit sensitive customer and financial information. IT, which involves major risks, may threaten the security if corporate information assets. Therefore, IT requires attention at board level to ensure that technology-related information risks are within an organization’s accepted risk appetite. However, IT issues are a neglected topic at board level and this could bring about enronesque disasters. Therefore, there is a need for the Board of Directors to direct and control IT-related risks effectively to reduce the potential for Information Security breaches and bring about a stronger system of internal control. The IT Oversight Committee is a proven means of achieving this, and this study further motivates the necessity for such a committee to solidify an organization’s Information Security posture among other IT-related issues

How IT Awareness Impacts IT Control Weaknesses and Firm Performance

With the prevalence of information technology (IT), the value of IT awareness increasingly grows, and IT control becomes a key part of firms’ strategies and objectives. Although leadership plays an important role in IT control governance, limited research has studied whether IT awareness is associated with IT control weaknesses (ITCWs) and firm performance simultaneously. Drawing on the agency and resource dependence theory, this paper proposes an integrative model to examine the impact of IT awareness on ITCWs and firm performance. We empirically validate the model using a data set of 310 firms collected from multiple sources including Audit Analytics, Compustat, 10-K filings, and proxy statement. The findings indicate that firms with higher IT awareness are less likely to have ITCWs, and lead to improved firm performance. This paper contributes to information systems (IS) literature by investigating the IT experience and knowledge of the board of directors on both ITCWs and firm performance. This study also provides important practical implications for IT management practices

The Effect of Fraud Disclosure, Internal Control, Information Technology on Corporate Governance and Corporate Performance as Moderating Variable

This research is a quantitative causality study that analyzes the effect of fraud disclosure, internal control, information technology on corporate performance and corporate governance as moderating variables. The results of this study are expected to contribute to the existing literature by overcoming some of the limitations articulated from previous studies. First, it offers new empirical insights on company risk and disclosure of fraud by management by basing research in behavioral theories that emerge from the board of directors and corporate governance, where corporate decision making is not only assumed to be underlined by formal approaches and CG mechanisms, but also CG arrangements informal, limited rationality, political bargaining, routine and satisfying behavior. The fixed-effect regression model is used to study the relationship of fraud disclosure, internal control and information technology of financial performance while the random-effect regression model is used from non-financial performance. Panel data of 192 sample observations from public companies in the banking sector which are listed on the Indonesia Stock Exchange and are included in the Top 50 ASEAN Scorecard. The findings show the disclosure of fraud, internal control and information technology have a positive effect on company performance, both financial and non-financial performance and corporate governances strengthen the financial performance but weaken the non-financial performance Keywords: Disclosure of Fraud, Internal Control, Information Technology, Corporate Performance, Corporate Governance DOI: 10.7176/EJBM/12-33-09 Publication date: November 30th 2020

Boards in Information Governance

This Article focuses on the evolving role of boards of directors. It charts the decline of the two leading, twentieth-century conceptual frameworks shaping corporate boards’ roles: agency cost theory, which produced the limited “monitoring board,” and “separate realms” theory, which ceded board responsibility for matters other than profit maximization to government regulation. Hedge fund activism and wild stock market swings have exposed the limits of the board’s role in agency cost theory. The 2020 pandemic, economic crises, investors’ demands for socially responsible stewardship, and corporations’ own political activism have rendered separate realms thinking untenable. Although much theorizing in corporate law remains constrained by these two conceptual frameworks, technology, necessity, and law reform are moving boards beyond them, as we demonstrate. For example, by spring 2020, the economic shocks of the COVID-19 pandemic had sent many public company boards into high gear, forcing them to look beyond stock prices to engage their firm’s full capacity for information gathering, knowledge synthesis and communication. Yet, even before the global pandemic placed heightened demands on boards, a two-decade trend toward “information governance” was well underway. It has been catalyzed by new technology, legal requirements, industry best practices, committee charters, fiduciary duties, and investor demands. The trend is observable in the overhaul of frameworks compelling audit committees’ increased participation in financial reporting. It is evident in legal requirements compelling greater board participation in risk management, legal compliance, and ESG oversight. These changes foster boards’ capacities to collaborate in informed strategy formation—a prerequisite to their responding adeptly to activists’ interventions and stock price gyrations. We name this new model of board governance “information governance” to capture the board’s agency in knowledge synthesis, reporting oversight, and institutional deliberation constitutive of the firm’s identity. Information governance highlights a leadership role for boards in driving communicative action in firms—the active framing, synthesis, and deployment of the firm’s self-knowledge. In this respect, we discern and emphasize an affirmative, value-creating role for boards that has been suppressed by agency theory’s monitoring board conceit. We analyze areas of ongoing legal flux supporting the new, technologically enhanced, information-rich paradigm we identify

Fenomena Menghafal Al-Qur’an di Pondok Pesantren: Studi Kasus Ma’had Mambaul Qur’an Wonosobo Jawa Tengah

This article aims to investigate the process of memorizing the Qur'an for students at Ma'had Mambaul Qur'an Munggang Bawah Wonosobo. In addition, this article aims to investigate students' problems in memorizing the Qur'an and their solutions. This article uses a qualitative field research type with documentation, interviews, and observation data collection methods. Then, the source of the data was obtained through information from the Board of Directors of the Islamic Boarding School and the tahfiz students. The results showed that the tahfiz program at Ma'had Mambaul Qur'an was good with the mainstay program of muraja’ah and semesterly tasmi'. The problems experienced by students in memorizing the Qur'an are laziness, the influence of technology especially handphones, and inconsistent management programs. The solution for students to face these problems is to motivate themselves to be more active in memorizing and to arrange a conducive time for memorizing