Corporate Governance Codes and IT
So, why don’t boards engage with digital asset management? Especially when, as several studies have shown, doing so has a positive impact on an organization’s performance?
Since boards of directors’ conduct is determined by corporate governance codes (for example, the Buysse and Daems codes in Belgium.), we examined to what extent national corporate governance codes address the importance of directors’ involvement in digital asset management and control.
Our investigation shows that, with the exception of South Africa’s King Code, most national corporate governance codes make little mention of IT-related controls or guidelines. An explanation for this is that many of these codes are based on OECD principles of corporate governance, and those do not include specific guidelines for IT governance.