You think IT can fix the software?
No.
But if its antivirus or patching program. Come audit time:
"Hey IT, why isent software X installed on all computers?"
"Engineering dept found a way to disable it due to bugs in it!"
"rah rah unacceptable, you neeed to ensure this is installed, rah rah fix now etc etc"
If the head of IT doesn't want to do that, the department is dysfunctionally managed and does not have my sympathy.
Beyond that, I don't really care what policy is. While I generally don't care about company nannyware - after all, it's your machine - the line is drawn when you are literally burning my body. If you want me to use the device, it can't cause me physical harm.
Imagine unironically defending this behavior.
Directors aren't directly producing value, usually the software/sales/service is.