IT governance helps firms define who is responsible for what and how IT decisions are taken. It enables IT to adhere to business objectives and maximize value from investment. It can protect against failures that result from the misalignment of IT and business strategies. There is no single governance model that fits all organizations across all geographies or sectors. Some organizations give their CIOs a place on the board – or at executive level; others set up governance committees to drive IT; others lack a formal governance structure but embed their CIO more centrally within the corporate structure.