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PR: Overseeing IT risks a concern for corporate boards

More than half say they don't have enough data to keep tabs on IT

By Other Sources | Updated on March 25, 2011

NEW YORK–(BUSINESS WIRE)–Almost half (47%) of corporate directors surveyed are dissatisfied with their boards’ ability to provide information technology (IT) risk oversight. A recent Oliver Wyman / National Association of Corporate Directors (NACD) survey of 204 corporate board members found that, while virtually all board members acknowledge that IT will have a significant business impact on the companies they govern over the next five years, more than half — 51% — say they are not given enough information to perform their oversight duties effectively.

Other findings highlighted in the report include:

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