Governance and Management of Information and Related Technologies Guide


Information technology (IT) is one of the most important elements of the business world due to its active role in managing institutional operations, meeting companies’ needs and seeking to achieve their goals. It is a catalyst for change and one of the most important elements of development and distinction between institutions. For these reasons, Capital Bank must follow the sound tenets and standards of accepted international practices in its management of IT. The Central Bank of Jordan issued instructions for the government and management of IT and related technologies – COBIT 5 no. 65/2016 on October 25, 2016 – and these are now an integral part of the corporate governance project, their application having since become a fundamental requirement for all banks in Jordan. This includes the formation of committees to implement governance-related tasks.