Within corporations, the theme of governance has been one of the most important themes for decades. Scholars have discussed and debated how corporations can be governed in order to protect shareholder value and resolve agency issues. Companies have implemented a variety of corporate governance mechanisms to ensure effective decision-making and risk management. These include board committees, independent directors, audit committees, and independent auditors. Companies have also implemented internal controls to ensure efficient and effective operations.
Effective corporate governance involves careful oman whatsapp number data oversight and accountability of organizational assets to promote a company’s long-term success, ethical behavior, and responsible management. These assets can include financial assets, physical assets, human capital, and technology assets to name a few. However, starting in the 1970s, information and data assets were viewed as assets determining and influencing company value. Since then, data has been considered a valuable asset that must be managed and protected to ensure availability, accuracy, and security. Moreover, companies must also consider the impact of data on their organizational strategies and goals. It is a known fact that by using data-driven business models, a corporation can transform itself to profitability by understanding the markets and internal environment better.