CORPORATE DATA GOVERNANCE, AN EVOLUTIONARY FRAMEWORK, AND ITS INFLUENCE ON FINANCIAL PERFORMANCE

Abstract

Data is considered one of the assets that organizations have to protect through a good corporate
governance framework. Organizations must ensure that procedures and practices are in place to
assess, direct, monitor, and protect data and related infrastructure, for the value data provides to a
corporation and thereby its stakeholders. The objective of a good data governance framework has to
be in line with the corporate governance objectives of maintaining and strengthening its contribution
to market integrity and the firm’s economic performance. Moreover, data governance influences firms'
performance by influencing the quality of data used for financial reporting and corporate takeover
markets as internal governance mechanisms.