In practice, holistic understanding of legal, regulatory, business and internal ethic environment contexts should determine the suitability of the framework for a particular bank. What is important is that ITG achieves its applicable objectives, both defensive and strategic, and enhances the overall corporate governance in a bank, by facilitating maximization of benefits and minimization of risks emanating from IT deployment.
It focuses specifically on information technology systems, their performance and risk management. Role of board and independent directors While we have discussed about governance in general and, IT governance in particular, one aspect which remains to be mentioned is the importance of the role that independent directors on the Boards of banks are expected to play.