As Igbal (2010) stated, “effective organization structure acts as the life and blood of business” and whereas many global companies of today are known for their successful practice of “organization management”, a greater majority of financial institutions are still in need of an ever-changing yet highly improving system structured specifically to cater to the specific needs of its employees and customers.
Moreover, an effective organization is also an important pre-requisite of an effective IT risk management implementation as stated by Rix (2007). Apparently, for most global financial institutions which do not possess an appropriate organizational structure, their IT risk management project implementation fails because of the mismatch with the current environment, inappropriate project methodologies adopted, inadequate resources assigned and the flaws in the existing information security systems. The lack of an appropriate and effective organizational structure is therefore a serious issue which this research proposal aims to address.
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