Information and technology (IT) governance is a subset discipline of corporate governance, focused on information and technology (IT) and its performance and risk management. The interest in IT governance is due to the on-going need within organizations to focus value creation efforts on an organization's strategic objectives and to better manage the performance of those responsible for creating this value in the best interest of all stakeholders. It has evolved from The Principles of Scientific Management, Total Quality Management and ISO 9001 Quality management system.
Corporate governance is viewed as effectively delineating the rights and responsibilities of each group of stakeholders in the company. Transparency is one major indicator of the standard of corporate governance in an economy.