Corporate governance ensures accountability across the extended enterprise. It facilitates staying competitive and satisfying ever-changing government regulations while providing mechanisms and controls to reduce the inefficiencies that arise when individuals misuse privileges granted to them.
A key aspect of corporate governance is ensuring that the changes decided by management are in fact enforced across every office and IT system despite geographic, network and operating system differences. This can be especially difficult for companies that grow through acquisition where newly acquired IT assets rarely match current corporate standards. Getting new policies rolled out and enforced. Without these types of controls, companies face the dire consequences already seen by the likes of Enron and MCI (formerly WorldCom). We have already discussed the intentional, accidental and indirect misuse of privilege in previous blog posts.
Implementing a privilege identity management solution can significantly impact corporate governance accountability and change management in real time across the extended enterprise as well as eliminate the misuse of privilege across heterogeneous systems, virtualized or even cloud-based administrators. Any change to privileged access can be accomplished from a centralized console and pushed to every environment in real-time. All entitlements and audit logs can also be reviewed on demand and therefore your company can ensure governance mandates.