The work of the company’s governance boards and committees
is extremely important since these groups plan, design, negotiate, implement
and provide oversight for the processes, policies, procedures, and other
mechanisms used to guide,  monitor,
control, and assess the operations of the company. Each board is comprised of
executives who each represent their functional areas or a group of internal
stakeholders. Usually, there is a chair position that rotates among the
members. If you would like to learn more about corporate governance in general,
Deloitte’s report Developing an effective governance operating model: A guide
for financial services boards and management teams provides a brief but
comprehensive overview (see https://www2.deloitte.com/content/dam/Deloitte/global/Documents/Financial-Services/dttl-fsi-US-FSI-Developinganeffectivegovernance-031913.pdf).
You may also find
this article
What is a management
system?, https://www.iso.org/management-system-standards.html
from the
International Standards Organization, helpful as it explains what a management
system is and why standards are needed to define repeatable steps that
organizations can use to ensure the effectiveness and efficiency of their
management activities.
The next meeting of the IT Governance board will include a
set of orientation briefings for the new members. If you had to make a
recommendation to the IT Governance board for standards that should be followed
as it relates to cybersecurity in an organization, what would that standard be?
For example, the following IT management / IT security management frameworks,
standards, and models.
COBIT
ITIL
ISO 27001 (ISMS Program Management)
NIST Cybersecurity Framework
NIST Security and Privacy Controls (NIST SP 800-53)
NIST Risk Management Framework (NIST SP 800-37)
Understanding the Work of the IT Governance Board