Fedex Case

1253 Words6 Pages
What does FedEx, Pfizer, Wachovia, 3Com, Mellon Financial, Shurgard Storage, Sempra Energy and Proctor & Gamble have in common? What board committee exists for just 10% of publicly TRADED BUSINESS but produces 6.5% greater returns for those companies? What is the single largest budget product after wages and producing equipment? Technology decisions will outlast the period of the management team making those choices. While the existing fast pace of technological modification indicates that corporate technology choices are regular and far-reaching, the repercussions of the decisions-both good and bad-will stay with the firm for a long period of time. Typically innovation decisions are made unilaterally within the Information Technology (IT) group, over which senior management…show more content…
The IT Audit function in the Board must contribute towards: Bringing innovation method into positioning with company strategy. Ensuring that technology decisions remain in the very best interests of shareholders. Cultivating organizational development and alignment between business systems. Increasing the Board's overall understanding of technological issues and repercussions within the company. This type of understanding can not come from monetary analysis alone. Efficient interaction in between the technologist and the Committee members. The IT Audit Committee does not need additional board members. Existing board members can be designated the duty, and use consultants to assist them comprehend the problems adequately to provide support to the technology leader. A review of existing IT Audit Committee Charters shows the following typical qualities: 1. Evaluation, examine and make suggestions on technology-based problems of importance to business. o Appraise and seriously evaluate the financial, strategic and tactical advantages of proposed major innovation related jobs and innovation architecture

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