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Governance back in fashion as financial crisis deepens
Tracey Caldwell
A renewed emphasis on compliance and tighter information governance looks set to rise from the ashes of the global financial firestorm.
Melanie Goody, director of consultancy at TFPL, said: "You can't make intelligent decisions without good business intelligence and you need information governance for effective regulation."
But not all information professionals agree that more regulation and complexity are required. International government consultant Andrew Hardie, who will address EURIM's information governance group this month, said: "Complexity and people are the main causes of the problems, and seeking to manage information securely by creating a climate of personal liability and punishment without clear and simple solutions is unlikely to succeed.
"Recruitment advertisements for information governance officers have already started appearing. Right now, that job feels like chief blame officer."
Information professionals who see a link between poor information governance and the turmoil in the financial markets could look to US treasury secretary Henry Paulson for support. He has a track record going back to the collapse of Enron in 2001 when ...