In today's business environment, change is the only constant, which makes speed and agility a key basis for competitive advantage. This is why so many organizations are moving toward services oriented architectures as the new basis for IT. But despite the considerable promise of SOA, it adds new complexity that can introduce IT and business risk. This is why governance has become an imperative for SOA projects today. This session will discuss the requirements for governing an SOA and the importance of a governance foundation for optimizing the value and mitigating the risks of a service orientation. It will discuss how governance enables organizations to transform the complexity inherent to SOA from a risk factor to a value generator. It will also introduce an innovative new approach for using SOA governance as the means for automating corporate governance by using policies as the control point for enforcing business and regulatory mandates; and will provide insight around the emerging requirements for SOA testing, monitoring and management.