Group IT definition

Group IT means all Information Technology which is owned by any Group Company or which has in the last two years been used in connection with the business of any Group Company other than Retained IT;

Examples of Group IT in a sentence

• Due to the diversity of businesses, each operating company has its own set of IT Policy adopting the standard Group IT Policy wherever possible and adding policies that are peculiar to the business they are in.

• With a few exceptions, all employees performing IT related operations, maintenance and development are governed by or organized within the Group IT area, although some have dotted reporting lines locally.

• Other Group management committees which report to Group Executive Committee include the Group New Product Committee, Group IT Steering Committee and Group Business Continuity Committee.

• The GDPO, in conjunction with Group IT, Compliance, Audit or others may further develop training, monitoring and reporting requirements across the AXA Group to ensure appropriate compliance with BCR is achieved.

• A business will generally be considered mature when: i) The Group’s systems, structure and processes have been deployed; ii) It has been audited, accredited and qualified and used by the relevant regulatory bodies and the targeted client base; iii) It no longer requires above-average annual capital expenditures, exceptional restructuring or abnormally large costs with respect to current revenues for deploying new Group IT systems.

• In general, all IT systems are centralized within the Group IT area, although the U.S. operations have certain stand-alone systems.

• Advisory and quality assurance services in the context of Phase I of the Group IT transformation program (unITe).

• Operational Risk – A clear Group Governance model, Group Compliance, Group (IT) Security and our internal control framework act together to limit operational risks exposures.

• Remote access to PAM systems is governed by PAM IT in conjunction with Pictet Group IT.

• The Group IT Special Committee shall be set up to strengthen IT governance and discuss matters related to the Group's IT strategy, more effective risk controls on IT systems, as well as investments therein.