The way an organisation utilises Information and Communication Technology (ICT) significantly affects its performance. Done well it can significantly improve the wellbeing of the organisation and its stakeholders.
Handled poorly it can consume an organisation's human and financial resources with no return, harm reputations and impede business operations.
The rate of development in the use of information technology not only affects the internal business operations of organisations but the environment in which it operates.
Developments in ICT need to be monitored and evaluated to assess both the threats and opportunities they provide. So, along with the financial and human resources of an organisation, ICT has become a key resource and core to good corporate governance.
Corporate Governance of Information and Communication Technology (ICT) as "the system by which the current and future use of ICT is directed and controlled. It involves evaluating and directing the plans for the use of ICT to support the organization and monitoring this use to achieve plans. It includes the strategy and policies for using ICT within an organization." - as8015-2005