Why Good Data Governance Makes For Good Corporate Governance

Business leaders are well aware that data is a strategic asset for virtually all organizations. Businesses collect and create data assets to stay competitive in the marketplace and use it to make informed decisions. In turn, organizations need frameworks to ensure that data is managed securely, ethically, and in compliance with legal and regulatory requirements in order to protect its value and prevent financial loss and reputational harm.

Integrating data governance into the boardroom

In a global survey of directors and officers, 82% of North American respondents cited cybersecurity as a top concern, and data loss followed closely behind with 80% of respondents identifying it as a very to extremely important risk¹. With the increasing value and material risk associated with data, there is a growing imperative for corporate governance and risk management frameworks to incorporate data governance. While some organizations continue to frame data governance as a