In the light of digital transformation, information and technology (I&T) have become crucial in the support, sustainability and growth of enterprises. Previously, governing boards (boards of directors) and senior management could delegate, ignore or avoid I&T-related decisions. In most sectors and industries, such attitudes are now illadvised. Stakeholder value creation (i.e., realizing benefits at an optimal resource cost while optimizing risk) is often driven by a high degree of digitization in new business models, efficient processes, successful innovation, etc. Digitized enterprises are increasingly dependent on I&T for survival and growth.