Data Governance and Compliance: Evolving to Our Current High Stakes Environment

This book provides an overview of the evolution of corporate governance, laws, regulations, and other forms of governance, as well as the interaction between data governance and other corporate governance sub-disciplines. It highlights the importance of compliance in the field of data and explains how data governance can help avoid non-compliance pitfalls. It is designed for IT, management, law students, academics, information management and business professionals, and researchers.

Format: Paperback / softback
Length: 193 pages
Publication date: 29 April 2022
Publisher: Springer Verlag, Singapore

This comprehensive book sets the stage for the evolution of corporate governance, laws, regulations, and other forms of governance, as well as the intricate interplay between data governance and other corporate governance sub-disciplines. In the ever-changing and complex regulatory landscape, compliance has become a hot topic of discussion in the field of data. This book delves into the costly consequences of non-compliance, providing real-world examples from various industries where companies have failed to adhere to rules, regulations, and legal obligations. It then explains how data governance plays a crucial role in preventing such pitfalls. As the first installment in a three-volume series on data governance, this book is designed to be accessible to a wide range of readers, including IT, management, law students, academics, information management and business professionals, and researchers. It offers valuable insights and guidance for those seeking to enhance their knowledge and develop effective data governance projects from a governance and compliance perspective.

Corporate governance encompasses a wide range of practices and principles that govern the behavior and operations of organizations. It includes the rules, regulations, and policies that shape how companies are managed, controlled, and accountable to their stakeholders. The evolution of corporate governance has been driven by a variety of factors, including economic globalization, technological advancements, and the increasing importance of data in decision-making.

One of the key aspects of corporate governance is the role of laws and regulations. Governments around the world have implemented various laws and regulations to ensure that companies operate ethically, responsibly, and in the public interest. These laws and regulations cover a wide range of topics, including corporate finance, accounting, labor, environmental protection, and consumer protection. Compliance with these laws and regulations is essential for companies to operate legally and avoid penalties and fines.

In addition to laws and regulations, other forms of governance also play a significant role in shaping corporate behavior. For example, corporate social responsibility (CSR) is a concept that emphasizes the responsibility of companies to consider the social and environmental impact of their operations. CSR policies and practices can include initiatives such as environmental sustainability, social welfare, and community engagement.

Data governance is a relatively new sub-discipline of corporate governance that focuses on the management and control of data. Data is becoming increasingly important in today's digital age, as it is used to drive decision-making, improve operations, and enhance customer experiences. However, the management and control of data can be complex and challenging, particularly in the context of regulatory compliance and data privacy.

Data governance involves a range of practices and processes that are designed to ensure that data is accurate, reliable, and secure. This includes the establishment of clear data ownership and management structures, the development of data policies and standards, and the implementation of robust data security measures. Data governance also involves the integration of data across different systems and departments, as well as the monitoring and evaluation of data usage to ensure that it is used in a responsible and ethical manner.

One of the key challenges of data governance is the intersection of data governance with other corporate governance sub-disciplines. For example, data governance may involve the management of data related to compliance with laws and regulations, such as data related to environmental protection or consumer protection. In addition, data governance may also involve the management of data related to corporate social responsibility, such as data related to employee engagement or community impact.

To address these challenges, companies need to develop a comprehensive data governance framework that aligns with their overall corporate governance strategy. This framework should include clear roles and responsibilities, a governance structure that defines the authority
structure of data management and control, and a set of processes and procedures that are designed to ensure that data is managed and controlled in a consistent and effective manner.

In conclusion, the evolution of corporate governance, laws, regulations, and other forms of governance, as well as the intricate interplay between data governance and other corporate governance sub-disciplines, is a complex and evolving field. Compliance with laws and regulations is essential for companies to operate legally and avoid penalties and fines. Data governance is a relatively new sub-discipline of corporate governance that focuses on the management and control of data, which is becoming increasingly important in today's digital age. To address the challenges of data governance, companies need to develop a comprehensive data governance framework that aligns with their overall corporate governance strategy. By doing so, companies can ensure that data is managed and controlled in a consistent and effective manner, and that they are able to meet their legal and ethical obligations while maximizing the value of their data assets.

Weight: 355g
Dimension: 235 x 155 (mm)
ISBN-13: 9789813368798
Edition number: 1st ed. 2021