Corporate governance in the digital economy: The critical importance of information governance

• Information is critical to decision-making and plays an essential role across all three pillars of governance.
• The emerging driver of good information governance globally is compliance with regulatory obligations, particularly with the growth in global privacy laws.
• Effective information governance requires top-down board and senior executive leadership.

Good corporate governance in the data-driven and digital economy poses significant challenges for boards and seniors executives. This article highlights the importance of information governance to ensure there is a unified strategy and framework to govern information effectively. Good information governance enables organisations to maximise the value of information as a business asset while minimising risks and costs, particularly those associated with data breach.