Effective IT governance is today a necessity and not an option. IT can go further sustaining the organization's strategies and helps shaping new competitive ones. Given that the concept is relatively new, literature still can't get to a consensus point. Researchers and practitioners, when studying IT governance, are facing a storm of definitions, approaches, frameworks and standards. This paper dives deep into recent IT governance literature and aims to build a shared view of the concept and its ecosystem to help orient future research in the field.