NACD Library

Taming Information Technology Risk

Articles and Whitepapers
Publication Date: October 1, 2011
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A New Framework for Boards of Directors

The many aspects of technology can quickly become overwhelming and confusing. Management and boards need an organized method to convey each aspect in a meaningful and effective way. One such method is the Framework for IT Risk developed by Oliver Wyman. The Framework divides the aspects of IT risk into four categories: competitive risks, execution risks, portfolio risks, and service & security risks. Each category has a defined arena of issues with ways to present information. NACD and Oliver Wyman recently released a white paper addressing the Framework and its application in the boardroom. The white paper highlights many of the issues and red flags boards should look for when considering IT risk.