Governance without governors?

“Consumer Watchdog Rebuffed by Court,” The Wall Street Journal, October 12, 2016 A1. A federal appeals court rejects the President’s appointment of a bureaucrat who can’t be removed by the President.  The Constitution prohibits that.

A big problem with information governance is that it often isn’t clear who’s responsible and who’s accountable for information governance failures. Yes, the corporation is accountable to the State (or the Fed, or third parties, or some or all of them) for violations of law by the corporation’s agents.  And the employees of the corporation can be fired (and perhaps sued) for violating the law or corporation policy.  And the directors can be removed (and perhaps sued) for breaching their duty to the corporation and the shareholders.  And the shareholders pay the price of corporate failures.

Who’s in charge of information governance at your corporation?  Does your charter establish that?  If not, who?

 

 

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Filed under Board, Compliance, Compliance, Controls, Corporation, Directors, Duty, Employees, Governance, Internal controls, Oversight, Oversight, Protect assets, Protect information assets

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