2. • Information as a corporate asset
• Regulations requiring content
integrity
• Competitive pressures for
efficiency
• Governance has moved to the
Boardroom
Corporate Trends
Corporate Information Issues
MetaGovernance. All Rights Reserved. 2015
3. Corporate Data and Information Issues
Corporate
System
SALES=$4.6M
Operational
System
SALES=$4.5M
Sales
System
SALES=$4.7M
Overlapping
Transaction
Systems
Internal Reports
and External
Disclosures that
don’t agree
Spreadsheets
and Access
Data Bases
Inconsistent
Data
Repositories
MetaGovernance. All Rights Reserved. 2015
4. Many Versions: Which is Correct?
Sales ReportRegulatory
Reports
SEC
Reports
Operational
Reports
Spreadsheet
$4.5M $4.4M $4.6M $4.7M
Corporate
System
SALES=$4.6M
Operational
System
SALES=$4.5M
Sales
System
SALES=$4.7M
General
Ledger
SALES=$4.6M
Data
Warehouse
SALES=$4.5M
SALES=$4.4M
MetaGovernance. All Rights Reserved. 2015
5. What is needed is a clear
understanding of the sources
and uses of information
across the enterprise…
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6. Key Information Governance Terms
Information
Owner
Information
Steward
Information
Custodian
Information
Consumer
MetaGovernance. All Rights Reserved. 2015
7. • Where to get specific data.
• Data ownership and responsibility is known.
• There is only one source for each type of data (consistency).
• Data is accurate.
• Data is timely.
• Data is easily accessible (with appropriate security).
• Data is defined (data dictionary).
• Data issues are actively communicated.
• Manual data collection / verification processes are significantly
reduced or eliminated.
What does a successful governance
program look like? Employees
understand:
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8. • Identify information stakeholders.
• Develop a common vocabulary.
• Generate awareness of the source of use of information
throughout the organization.
• Identify needed controls.
Keys to a Successful
Governance Program
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9. Data Subject
Area ID
Major Subject
Group 1st
Sub Grouping 2nd
Sub Grouping
Accounting
Operations
Collateral
CreditRisk
Finance
FinancialReporting
InternalAudit
MarketRisk
MemberServices
Sales
Compliance
Information
Technology
1 Trade Loan Adjustable-Rate Loan
2 Trade Loan Fixed-Rate Loan
3 Trade Loan Structured Loan
4 Trade Loan Amortizing Loan
5 Trade Loan Letters of Credit
6 Trade Loan Prepayment Fee
11 Financial Accounting Accrued Interest
12 Financial Accounting Outstanding Principle
LEGEND
CUSTODIAN
CONSUMER
STEWARD
DELEGATE
The Information Governance Awareness Map
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10. How can this be
accomplished using Agile /
Lean?
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12. While processes and
tools are necessary,
the attention needs to
be on the people and
their interactions.
Individuals and Interactions
over processes and tools
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Make decisions
Communicate
Solve
problems
13. Governance decisions
need to be made,
implemented in a timely,
quality manner so they
provide immediately
value to the project,
business unit or
organization.
Working Governance
over comprehensive documentation
MetaGovernance. All Rights Reserved. 2015
14. The right governance
decision makers need
to be involved and
working together.
Customer Collaboration
over contract negotiation
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Good Decisions
Shared
Subject
Areas
Business
Unit
Objectives
Company
Strategy
15. Governance decisions often arise out of unplanned, unforeseen
issues found during one or many projects. These must be
communicated and dealt with by the governance body as needed, in
a timely manner.
Responding to Change
over following a plan
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16. While we do need processes, tools, documentation and plans, the
important factors are:
Interactions of engaged people
Making thoughtful decisions for the organization
To enable the delivery of quality, reconciled, controlled reports or
data used for business decisions and financial reporting.
The Agile Manifesto
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17. A Model for Lean Data Governance
MetaGovernance. All Rights Reserved. 2015
Eliminate
Waste
Empower
the Team
Deliver
Fast
Optimize
the Whole
Build
Quality In
Defer
Decisions
Amplify
Learning
21. Eliminate
Waste
Empower
the Team
Deliver
Fast
Optimize
the Whole
Build
Quality In
Defer
Decisions
Amplify
Learning
To help facilitate a
trusted governance
and reporting
framework, quality
is imperative. It must
be the top priority of
any decision.
A Model for Lean Data Governance
MetaGovernance. All Rights Reserved. 2015
22. Eliminate
Waste
Empower
the Team
Deliver
Fast
Optimize
the Whole
Build
Quality In
Defer
Decisions
Amplify
Learning
To allow for
changes in
priorities, balance
early planning
with committing
to decisions or
work at the last
possible moment.
A Model for Lean Data Governance
MetaGovernance. All Rights Reserved. 2015
25. Providing Organization Value through
Agile Data Governance
MetaGovernance. All Rights Reserved. 2015
• Deliver Highest Value Items First
• Incremental Delivery
• Continual Learning
• Retrospect
• Improve the Process
26. • Business Decisions Based on
Good Data
• Financial Statement Accuracy
• Clean Audit Reports
• Improved Regulatory Rating
• Reduced Reputation Risk
Trusted
Reporting
The Outcome of Agile Data Governance
MetaGovernance. All Rights Reserved. 2015
27. 27
For additional information contact:
Email: tflowers@metagovernance.com
Twitter: @tamilflowers
LinkedIn: Tami Flowers
Slideshare: www.slideshare.nettamiflowers
www.metagovernance.com
Questions?
