Corporate Governance And Cloud Computing

Corporate GovernanceAnd Cloud Computing8th March 2012Rory CassellsPrinciple RiskConsultant 1

Overview• What is Corporate Governance?• Stakeholders.• Advantages of Good Corporate Governance.• Corporate Governance in the Cloud• Risks in the Cloud• Recommendations 2

What is Corporate Governance?Corporate governance is concerned with holding thebalance between economic and social goals andbetween individual and communal goals. Thegovernance framework is there to encourage theefficient use of resources and equally to requireaccountability for the stewardship of thoseresources. The aim is to align as nearly as possiblethe interests of individuals, corporations andsociety." (Sir Adrian Cadbury, UK, CommissionReport: Corporate Governance ) 3

Stakeholders• Shareholders.• Employees.• Suppliers.• Lenders.• Local Community.• Pressure Groups.• Government.• Consumers. 4

Advantages of Good Corporate GovernanceAdvantagesImproved processesTakes emotion out of decision makingFights CorruptionImproves standardsImproves talent utilisationHelps attract and retain shareholdersBuilds trust in the organisation will all stakeholders 5

Corporate Governance in the Cloud• 5 Essential Focus Areas: ―Strategic Alignment ―Value Delivery ―Resource Management ―Risk Management ―Performance Management 6

Risks in the Cloud• General Cloud Computing Risks ―Theft of IT Equipment ―Natural Disasters ―Unauthorized Access to Premises• Legal Risks ―Subpoena and e-discovery ―Changes in jurisdiction ―Data Protection 7

Risks in the Cloud (Cont)• Technical Risks ―Insecure/Ineffective Data Deletion ―Malicious Insider ―Data Leakage• Policy and Organisational Risks ―Provider Lock in ―Loss of Governance ―Cloud Service Failure /Termination 8

Recommendations• Communicate all aspects of Governance tocustomers.•Provide Clear Roles and Responsibilities to all staffmembers•Proper Identity and Access Controls•Know the Law in the Jurisdiction your data resides•Prepare and Test DR/BCM•Ensure customers have read and understood theSLA•Identify and Monitor all risks that may affectcustomer data and the organisation as a whole•Create and Manage Operational and Security logs 9

Corporate Governance And Cloud Computing

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