[LINK] Australian Governance Standard knocks the SOX off US law
Tom Worthington
Tom.Worthington at tomw.net.au
Fri Nov 3 10:48:40 AEDT 2006
I wrote: Tue, 10 Oct 2006 08:44:58 +1000 (was: "ICT
Governance Seminar, Canberra, 27 October 2006"):
>... Building Better Boards: The IT Governance Value Chain ...
>Professor Michael Parent, Simon Fraser University ...
As predicted this was an excellent seminar, once IT people like me
get over the fact that it is a management/IS topic and is not
intended to have technical content. Professor Parent's slides are now
online and linked form my notes:
<http://www.tomw.net.au/blog/2006/10/ict-governance-seminar-canberra-27.html>
One notable point was that alongside Section 404 of the US SOX
legislation, Michael listed the Australian Standard for Corporate
Governance of ICT (AS8015)
<http://www.ramin.com.au/itgovernance/as8015.html>. When I asked him
about it he had nothing but positive things to say about the
standard. Australia should go ahead and propose this for adoption
internationally.
Professor Parent was arguing for board directors (and their public
service equivalents) to have some familiarity with IT, in order to
meet their governance obligations. He provided a "Director's
Dashboard" with five sets of red/amber/green indicators on the risk
status of an organisation. Apart from the mixed metaphor with poor
affordance (it is traffic lights which are red/amber/green, not
lights on a car dashboard), this was a good way to address the issues.
On the same theme Ralph Norris, Managing Director and CEO of the The
Commonwealth Bank (and a former CIO), will be talking on
"Technologist's Journey from Backroom to Boardroom" in Sydney, 6
December 2006
<http://www.tomw.net.au/blog/2006/11/it-knowledge-on-company-boards.html>.
Tom Worthington FACS HLM tom.worthington at tomw.net.au Ph: 0419 496150
Director, Tomw Communications Pty Ltd ABN: 17 088 714 309
PO Box 13, Belconnen ACT 2617 http://www.tomw.net.au/
Director, ACS Communications Tech Board http://www.acs.org.au/ctb/
Visiting Fellow, ANU Blog: http://www.tomw.net.au/blog/atom.xml
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