Board of Directors Handbook for Cloud Risk Governance
- is for the Boards of Directors of organisations engaging in a new, or substantially increased, adoption of cloud technologies as part of a more comprehensive digital transformation of their business.
- offers practical guidance in the form of questions that can help structure your oversight of and engagement with management’s approach to adopting the cloud and ensure that independent risk and audit functions are appropriately equipped to support that process.
Also, suggesting that your organisation’s cloud adoption is simply a new series of risks to manage would be wrong.
The adoption of the cloud is, in many cases, an increasing imperative for organisations to remain competitive and to fully realise technology, data and overarching business strategies. And beyond that, the adoption of the cloud is a significant opportunity for organisations to reimagine how whole classes of enterprise risk can be better managed. It presents opportunities to tackle threats that previously would have been commercially unrealistic to fully address.
This paper will therefore provide an overview of the critical tenets of cloud technology, why it is increasingly vital in realising business strategies, the risk benefits of well-executed cloud adoption, and our guidance for Boards of Directors in their oversight of that adoption.
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