The six step process is described in detail in the guide. “Directors are hungry for more information about the company’s approach to managing IT strategy and risk and believe they do not get enough information from management: 67% indicate their company’s approach to managing IT risk and strategy provides them with only “moderate” information to be effective or the information “needs improvement.” Many directors want more comfort regarding IT activities so they can sleep better at night.”.Together, these factors can create an “IT confidence gap.”” And they do not necessarily have a well-defined process to help them in fulfilling this very important responsibility. They sometimes don’t have an adequate understanding of the subject to be effective and confident in overseeing this area. “Many directors are confused by and uncomfortable with overseeing IT.
And companies are relying more and more on technology to get ahead, often prompting substantial changes in how they operate.”