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Principle 11 of King IV - Coggle Diagram
Principle 11 of King IV
Strategic Alignment
It is recommended that organizations make sure their information and technology governance supports and aligns with their overarching strategy and goals.
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Performance
An organization's performance should be improved by effective information and technology governance, which will help it fulfill its objectives and increase its capacity to generate value.
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Risk Management
The aforementioned notion underscores the necessity of implementing a risk management strategy that tackles the possible hazards linked to technology and data. This entails being aware of and handling privacy issues, cybersecurity hazards, and other threats relating to technology.
Resource Management
The idea emphasizes how crucial it is to allocate sufficient funds for efficient technology and information governance. This covers assets including money, knowledge, and technological infrastructure.
Information
Information should be treated as a valuable asset by organizations, with accuracy, dependability, and security being prioritized. This includes information flows that are both internal and external.
Policies and Procedures
It is expected of organizations to create and uphold rules and processes that direct the ethical and responsible use of information and technology. This involves abiding by all applicable laws and rules.
Technology
Innovation, ethical technology use, and the effects of technology on stakeholders should all be covered by governance practices. This entails weighing the effects of technical choices on society and the environment.
Access and Security
The guiding principle highlights how crucial it is to manage who has access to technology and information, put security measures in place to prevent unwanted access, and guarantee the confidentiality and integrity of data.
Stakeholder Engagement
When it comes to issues concerning the information and technology governance, organizations ought to consult with relevant parties. This entails taking stakeholders' interests and concerns into account as well as being open and honest about how decisions about technology may impact them.