When I learned ITIL and COBIT, I read a lot about IT governance. What I learned, it was not governance, but management. Until now, there is no clear framework about IT governance. Even in ITIL and COBIT 5. My argumentation is supported by this statement:
I think the reality is that all of what both ITIL and COBIT 5 call "governance" is in fact "management" and that neither framework demonstrates any comprehension of the role of those who are in the true governance role - the board of directors.
Because neither recognises the true governance role, they also miss the opportunity to understand the concept of the "system of governance" which is central to the overall definition for corporate governance as popularised by Cadbury. The system of governance has a deep symbiotic dependence on the system of management and the machinery for effective governance often extends deeply into the management systems.
Having discussed this with the chief of one of the local university business schools recently, I am more convinced that there is a significant gap in academic understanding here and a field that deserves more research.
(Mark Toomey, 2011)