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CGF ARTICLES, OPINIONS & EDITORIALS

COBIT® 5: A DISCUSSION THE BOARD MUST NOT AVOID (2015-08-28)

Article by Terrance M. Booysen and peer reviewed by Kenneth Chikwanha (President: ISACA South African Chapter)

There’s a saying that goes along the lines that “the more things change, the more they stay the same”.  Rather ironically, this axiom was first coined by a French journalist -- Alphonse Karr -- in 1839 and it is as true then as it is today.

If we were to cast our minds back to those medieval times, one can imagine how the aristocracy did not concern themselves with the problems of the lower class.  Similarly, many directors in boardrooms today still believe their only role is of a strategic nature and all they need to ensure is for the organisation to remain profitable.  Comparing these examples, one quickly realises how perceptive Alphonse Karr really was back then.  The lessons learnt when the aristocracy eventually collapsed would no doubt be similar if the board of directors of today fail to understand the strategic issues that affect the organisation’s Corporate Governance Framework® and they refuse to interact with management on these matters.

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