Board Oversight of Data Management and Governance: Key Focus Areas and Questions for Directors

How to use this tool:

Use the questions below to assist the board/committee in understanding management’s program for data governance and management and associated risks. This tool can be used when considering management’s proposed data governance program and any proposed changes, including those that respond to changes in the regulatory landscape.

Overall, directors need to understand the company’s data-related risks (magnitude) and benefits, who is in charge, how information will flow up to the board, and downside scenarios.