Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Technology Risk Cloud Credit: Lightspring/Shutterstock.com

Companies today face significant and disruptive challenges, from increased disclosures and obligations in multiple jurisdictions to the ongoing COVID-19 pandemic and its unanticipated effects on business globally. To effectively and transparently manage an organization and ensure it is meeting these challenges, boards need an effective and adaptive corporate governance program. Corporate governance can be enhanced and improved by the explicit integration of a well-conceived information governance program—an efficient and cogent framework for enterprise information management—that will help companies lower risk and enhance their value propositions.

As boards and companies refocus on sustainability, they should look closer at the key areas that would benefit from a strong IG framework, including cybersecurity, regulatory changes, economic uncertainty, business continuity, and enhanced financial reporting. Boards need accurate and timely access to information to meet their responsibilities. As the NACD pointed out in a recent report, information mismatch often occurs between management and boards by not having equal access to internal and external information. With “enhance[d] operating processes,” boards can develop “better situational awareness” with respect to risks. A strong IG framework can provide these processes, and ensure that boards and management have access to the same accurate, reliable, and timely information. It will also provide replicable processes upon which managers and boards can rely, supporting audit responsibilities, improving information access, and becoming more resilient and responsive.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.