Managing IT Risks for Community and Non-profit Boards
The key to mitigating IT risks is to minimise the harm they can cause. One way to manage risks is for boards to set up policies and procedures to reduce risks. Non-profit boards can also transfer some degree of risk by purchasing the appropriate insurance policies or by outsourcing some activities
Board of Directors IT Governance Understanding
n developing IT governance policies, board directors will need to consider the organisation’s operational and strategic needs, as well as keep a watchful eye on reviewing and amending their policies as the company’s needs change and impact of IT on the organisation.