Expert answer:Corporate development in the cloud
Solved by verified expert:Question descriptionOption #1: Corporate Development in the CloudIn 1999, the Organization for Economic Cooperation and Development (OECD) published the “Principles for Corporate Development.” It has been revised to address corporate governance issues. You should take time to read this document.Read the “Principles for Corporate Development” and discuss the key factors that guide the principles of corporate governance; that is, discuss groups that are affected by the principles.Provide information from your readings to support your statements. Your well-written essay should be 3-4 pages in length and should incorporate at least two academic sources. The entire paper has to APA Format.The subject is Cloud computing so attaching Chapter15 of cloud computing for review.Support your essay with information and examples from your text and your experiences. This should be simple Essay and needs to have a conclusion.Need to address the question.Include APA-formatted citations and references for any sources you use or quote. Please create the response as simple essay with appropriate conclusion.Inline citations are must and plagiarism policy is strict.Include at least two scholarly references Searched the Links for the document listed belowhttp://www.oecd.org/daf/ca/2014-review-oecd-corpor…If possible, I need this back by weds or thurs of this week.
20161014183116157619760_cloud_computing_chapter_15.pdf
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Cloud Computing
Chapter 15
Governing the Cloud
Learning Objectives
• Define and describe corporate governance.
• Define business strategy and provide examples of strategic goals.
• Discuss how companies use the Capability Maturity Model (CMM) to
measure their current capabilities.
• Define and describe internal controls.
• Define and describe IT governance.
• Discuss the various types of governance a company must perform.
• Discuss the role of Sarbanes-Oxley in corporate IT governance.
• Discuss factors to consider when developing governance procedures for
the cloud.
The Need for True
Financials
• Following the DOT.com crash and corporate
scandals such as Enron, Tyco, and WorldCom,
pressures emerged from the government,
shareholders, and numerous other stakeholders
for companies to increase their financial oversight
to reduce opportunity for fraud and to restore
confidence in corporate financial reporting.
Why IT Is Involved
• Because most of the data that drive corporate
financial reports originate within data centers, the
new era of governance has brought greater
visibility and a greater need for controls to IT
departments.
Corporate Governance
• Corporate governance combines the processes,
policies, laws, and controls that affect how a
company operates.
• The governance guides the company’s decision
making and administrative processes.
• Corporate governance, is complex and involves
people, processes, systems, and more.
Corporate-Governance
Process
• Components of the corporate-governance
process.
Real World: Organization
for Economic Cooperation
• In 1999, the Organization for Economic
Cooperation and Development (OECD) published
the Principles for Corporate Development. It has
been revised to address corporate-governance
issues.
Understanding Business
Strategy
• A strategy is a plan of action designed to achieve
one or more particular goals.
• A business strategy comprises the plans a
company executes to achieve business goals.
Components of a
Business Strategy
• Maximizing shareholder value
• Reducing or managing costs to maximize profits
• Providing a high-quality work environment to
attract and retain employees
• Maintaining a high degree of customer satisfaction
• Supporting environmentally friendly operations
• Developing a sustainable, competitive advantage
• Providing accurate reporting of company
operations
Real World: Capability
Maturity Model (CMM)
• The Capability Maturity Model (CMM) was
developed at Carnegie Mellon University to help
businesses measure and improve their current
capabilities.
• Over time, as a business matures and its skills
improve, a company’s CMM scores should
increase.
• As scores increase, so too should the predictability
and reliability of the business.
Levels of CMM
Inspect What You Expect
• Once a company defines its business goals and
metrics, it must inspect the underlying factors that
drive business results.
• In other words, rather than take its financials at
face value, the company should examine the
sources from which the values are derived to
ensure that each is accurate and free from fraud.
• This inspection process is known as auditing.
Auditing
• Companies must audit the source of the values
they measure and report using internal or external
auditors.
Internal Controls
• Internal controls allow a company auditor to
inspect data values at key stages.
Real World: Committee of
Sponsoring Organizations of
the Treadway Commission
• A key aspect of corporate governance is internal
controls. An internal control is a process that
provides assurance that the objectives of a
company’s operational goals and legal compliance
requirements are being met, as well as confidence
in the accuracy of the reporting of operations.
• The Committee of Sponsoring Organizations of
the Treadway Commission (COSO) has defined a
model that companies can use to evaluate their
internal controls.
The Components of the
(expanded) COSO Model
Control Objectives for
Information and Related
Technology (COBIT)
• Control Objectives for Information and Related
Technology (COBIT) is an IT governance
framework defined by the Information Systems
Audit Control Association (ISACA).
• COBIT defines dozens of processes an IT
manager and staff can use to plan, acquire,
implement, deliver, support, monitor, and evaluate
IT solutions.
IT Governance
• IT governance is one of many key types of
governance a company must consider.
Real World: SarbanesOxley
• In 2002, in the aftermath of the dot-com crash and
corporate scandals that included Enron, Tyco, and
WorldCom, Senator Paul Sarbanes of Maryland
and Representative Michael Oxley of Ohio cosponsored a bill.
• Once passed, the law became known as
Sarbanes-Oxley.
• The law’s goal was to improve confidence in the
truthfulness of company reporting by requiring
greater transparency and controls of the data that
companies report.
Real World: IT
Governance Institute
• The IT Governance Institute (ITGI) was formed in
1998 to assist businesses in aligning IT solutions
with business strategies.
• The institute conducts research on the global
practices and perceptions of IT governance. The
institute makes many of its best practices, case
studies, and research papers available for sale or
download from its website.
SLA Governance
Considerations
• Who within the company can access the service?
• Who within the cloud provider can access the
service?
• What can those who can access the service do?
• Is the solution multitenant?
• How is the service secured?
• How is the service replicated or collocated?
• How can the service be tested and validated?
• What is the service uptime?
SLA Governance
Considerations Continued
• How and when is the service maintained?
• What controls can be implemented and at what
stages of the service?
• How are errors and exceptions logged?
• How can performance be monitored?
• What is the upgrading and versioning process?
• What auditing support is provided?
Key Terms
Chapter Review
1. Define corporate governance.
2. Discuss the events that led up to the need for
increased corporate governance.
3. Define business strategy. List five possible
business strategies.
4. Discuss the purpose of the Capability Maturity
Model.
5. Define auditing.
Chapter Review
Continued
6. Define internal control and provide an example of
a control.
7. Discuss the role Sarbanes/Oxley has played with
respect to corporate governance.
8. Define IT governance.
9. List factors one should consider with respect to
governing the cloud.
…
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