Information technology governance in Sri Lankan corporate sector : Focus sectors - bank, telecommunication and diversified

Abstract

Information Technology (IT) has become the backbone of the present corporate environment with extensive usage of Information and Communication Technologies in businesses. Executives make daily business decisions with the assistance of IT systems. Therefore, the decisions made on IT highly affect on organizational performance. Further many world class organizations are performing above the average by adopting good IT governance frameworks. Sri Lankan organizations have adopted coiporate governance structures over the last few decades, where IT managers report to senior management for all IT related issues. Increasing complexities and criticalities in IT decision making in corporate environment have demanded local organizations to design and implement proper IT governance systems. In this context, this research aims to assess the current IT governance frameworks of the Sri Lankan companies and thereby identify avenues for improvements.