What role does governance play according to COBIT principles?

Governance, according to COBIT principles, is deemed a crucial factor in driving organizational success because it establishes the framework and processes needed for effective decision-making and accountability within an organization. Good governance ensures that IT aligns with business goals, manages risks appropriately, and delivers value through technology investments.

Incorporating strong governance principles facilitates better performance and creates a structured approach to managing IT resources and ensuring compliance with regulations. It emphasizes strategic alignment, risk management, and resource optimization, thus playing a vital role in ensuring that an organization can achieve its objectives and maintain stakeholder trust. By prioritizing governance, organizations can enhance their capability to adapt to change, innovate, and respond effectively to market dynamics, all of which are key components of long-term success.