22.1 Governance Principles COBIT.2019 was developed based on two sets of principles: Principles that describe the core requirements of a governance system for enterprise information and technology. Principles for a governance framework that can be used to build a governance system for the enterprise. The six principles for a governance system (figure 2.1) are: 1. Each enterprise needs a governance system to satisfy stakeholder needs and to generate value from the use of Is:T. Value reflects a balance among benefits, risk and resources, and enterprises need an actionable strategy and governance system to realize this value. A governance system for enterprise I&T is built from a number of components that can be of different types and that work together in a holistic way. A governance system should be dynamic. This means that each time one or more of the design factors are changed (e.g., a change in strategy or technology), the impact of these changes on the EGIT system must be considered. A dynamic view of EGIT leads toward a viable and future-proof EGIT system. A governance system should clearly distinguish between governance and management activities and structures. A governance system should be customized to the enterprise's needs, using a set of design factors as parameters to customize and prioritize the governance system components. A governance system should cover the enterprise end to end, focusing on not only the IT function but on all technology and information processing the enterprise puts in place to achieve its goals, regardless of its location in the enterprise.' Hwygh. T.; S. De Haes: "Using the Viable System Model to Study IT Governance Dynamics: Evidence from a Single Case Study," Proceedings of the 51- Hawaii International Conference on System Sciences, 2018, hetps://scholarspace. manna hawaii.edw/bitstream/10125/50501/1/paper0614.pull 8