Extending the boundaries of IQ: can collaboration with information management improve corporate governance?

Article


Maguire, Heather. 2008. "Extending the boundaries of IQ: can collaboration with information management improve corporate governance?" International Journal of Information Quality. 5 (3/4), pp. 325-348. https://doi.org/10.1504/IJIQ.2008.019561
Article Title

Extending the boundaries of IQ: can collaboration with information management improve corporate governance?

ERA Journal ID32085
Article CategoryArticle
Authors
AuthorMaguire, Heather
Journal TitleInternational Journal of Information Quality
Journal Citation5 (3/4), pp. 325-348
Number of Pages24
Year2008
Place of PublicationUnited Kingdom
ISSN1751-0457
1751-0465
Digital Object Identifier (DOI)https://doi.org/10.1504/IJIQ.2008.019561
Web Address (URL)http://www.inderscience.com/ijiq/
Abstract

[Abstract]: The increase in the volume of information be handled by organisations has increased pressure on corporate boards to ensure that legislative, accountability, business and cultural requirements are met. Recent negative media coverage has brought demands for improved accountability and transparency in corporate governance regimes. At the same time agency theory has highlighted problems such as moral hazard and adverse selection resulting from information asymmetry between boards and CEOs. Effective records management can assist organisations to meet demands for accountability, transparency and compliance and help reduce information asymmetry. Effective records management can assist in providing evidence of due process. Effective records retention can also assist in ensuring that records are retained in compliance with the relevant legislation, regulation or best practice and in ensuring that records which have reached the end of their life cycle are deleted from records systems. Records management can also assist with business continuity by ensuring identification and appropriate maintenance of vital and archival records. Many high profile organisations have suffered severe negative consequences in recent decades as a result of mishandling organisational records. This paper proposes that organisations incorporate records management functionality into the criteria used to assess information quality in order to improve corporate governance mechanisms.

Keywordsrecords management, information management, information governance, corporate governance, compliance, accountability, transparency, agency theory, business continuity
ANZSRC Field of Research 2020350302. Business information management (incl. records, knowledge and intelligence)
359999. Other commerce, management, tourism and services not elsewhere classified
Public Notes

File reproduced in accordance with the copyright policy of the publisher/author.

Byline AffiliationsFaculty of Business
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