Corporate governance is a wide framework of systems, rules, interfaces and principles that form the basis of fiduciary corporate culture and values. With strategic data as its backbone, these tactical mechanisms help spell out the rules and procedures for making decisions on corporate affairs, enabling you to conform to the internal rules of an organization as well as the larger law of the land. Enterprise data assets must support the rules of governance, not the other way around (with governance initiatives always catching up to or restricted by firm-wide data). Many times, not enough up-front diligence is exercised to bring IT into the forefront of governance discussions. Senior management may neglect to realize how important data assets really are until a mission-critical compliance or regulatory crisis rears its head. While a business can limp around on bad customer and product data, it cannot afford to ignore corporate statesmanship. Poor business intelligence (BI) will put your company at a competitive disadvantage; poor governance could put you out of business.
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