What does bad information governance cost?

One of the risks of bad information governance is that your employees will violate some restriction/law/regulation and the corporation will have to pay for it.  How much, you may ask?

“Volkswagen Faces Up to Penalties,” The Wall Street Journal, March 11, 2017 B1.  Volkswagen pleaded guilty and “agreed” to pay penalties of $4.3 billion for misleading the regulators and the public in the diesel emissions scandal.

Cost to date: $25 billion for trying to hide something from the regulators and the public.  Would your company do something like that?  What has this cost the directors and managers who either missed it or ignored it?  What has it cost the Volkswagen shareholders?

 

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Filed under Accuracy, Board, Business Case, Compliance, Compliance, Compliance, Compliance Verification, Corporation, Culture, Directors, Duty, Employees, Governance, Management, Oversight, Oversight, Protect assets, Protect information assets, Risk

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