THE ROLE OF FINANCE EXECUTIVES IN INFORMATION GOVERNANCE

Today, information is part of every aspect of the way we do business. Finance executives should be involved in decisions about how that asset is leveraged, because how information is handled can have a direct impact on the financial health of organisations.

Information Governance (IG) is the tool that allows us to manage our information assets better. One way IG does this is by serving a coordinating function, tying together the multiple facets of our complex information environments. Finance executives, therefore, need to be aware of the emergence and maturation of IG as a discipline and should take an active role in IG at their organisations. In addition, finance executives need to know what to expect as IG projects begin to appear as line items on budgets; they also have a wealth of knowledge that can contribute to IG project and program success; and, as heads of departments themselves (managing information under Sarbanes-Oxley, for example), they need to keep abreast of better ways to handle such assets.

Reading the full Information Governance Initiative’s (IGI’s) Annual Report 2014 is a good way to start building a deeper understanding of IG. This article will highlight several key insights from our research of particular relevance to finance executives.

Jan-Mar 2015 Issue

Drinker Biddle & Reath LLP

Information Governance Initiative