Practical advice from seasoned practitioners
Is your organization just getting started with information governance (IG)? Do you need some guidance getting an effective IG program off the ground?
In the recent article, “Information Governance: Establishing a Program and Executing Initial Projects,” IGI Co-Chair, Jason R. Baron discusses the emerging discipline of IG, makes the case for why IG is needed, and explains how to start an effective IG program at your organization, including: how to identify key stakeholders, build support for IG, and prioritize and execute IG projects. The piece, co-authored with Drinker Biddle associate, Amy Marcos, was the cover article in the October/November 2015 issue of Practical Law: The Journal.
According to the article:
The emerging discipline of information governance (IG) is premised on the idea that both public and private institutions can do a better job of dealing with big data in all of its forms and improve organizational responses to e-discovery, compliance, records management, privacy and security demands. Although there is no universal definition of IG, its major tenets are built on minimizing the risks and maximizing the value associated with data through a coordinated, interdisciplinary approach.
The article cites research from the IGI 2014-2015 Annual Report. Key takeaways from the article, include:
- A principle-based approach to information governance (IG) can help an organization address data issues as they arise, in a way that benefits the organization and IG stakeholders, and outweighs any costs associated with the initial investment.
- By understanding the components of a successful IG program, counsel can champion IG strategies that minimize risk and maximize the value of a company’s data.
- Practicing effective IG means bringing together stakeholders from across your organization to discuss data issues, typically including legal, IT, security, data privacy, compliance, human resources, finance, audit, analytics, and records and information management.
- A corporate governance framework for IG should include a head executive IG stakeholder or champion and an IG steering committee with specific business unit IG sub-committees.
- An organization should create IG policies and an IG charter, along with updating their data privacy, email, info security and records retention policies.
- Cleaning up legacy data and using big data analytics will aid in reducing risk and maximizing the value of your organization’s data.
To read more, download a copy of “Information Governance: Establishing a Program and Executing Initial Projects.”