Business use of Internet has exposed security as one of the key-factors for successful online competition. There are very few sound existing ISG frameworks that can effectively guide most organizations in their information security governance endeavors. This paper presents a collaborative framework for information security management system in order to elucidate how information security should be addressed at an executive level. The advanced intelligent multi-agent technology is applied in this proposed framework. In order to evaluate the proposed framework, this paper describes a prototype system based on this proposed collaborative framework. This prototype system suggests that the proposed collaborative framework is feasible, correct and valid.