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Abstract
In all business fields worldwide, the concept of governance is receiving a constantly increasing attention by decision markers as a key means for business success. And, as the vital role of higher education and research institutions is playing in developed and developing countries has become well understood, governance of such institutions emerged as a necessity for country progression. Moreover , the twentieth century witnessed many spectacular developments that added great value to our societies. Information Technology (IT) was one development that is maintaining a major role in most - if not all - of today`s organizations and having, accordingly, an obvious influence on business performance in general. Such role IT has brought the issue of IT governance (ITG) up to the surface to control IT resources as a major requirement for business success