Data Governance Policy

The Future Company ("us", "we", or "our") recognizes the importance of data as a critical asset and is committed to managing, protecting, and ensuring the quality, integrity, and accessibility of the data it collects, processes, and stores. This Data Governance Policy outlines the principles and guidelines for data management and governance within our organization.

1. Purpose

The purpose of this Data Governance Policy is to:

• Establish a comprehensive framework for managing data across The Future Company
• Define roles and responsibilities for data governance
• Ensure data quality, integrity, accuracy, and consistency
• Promote data privacy, security, and compliance with applicable laws and regulations
• Facilitate data sharing, collaboration, and decision-making across the organization

2. Scope

This policy applies to all data and information assets owned, managed, or used by The Future Company, including but not limited to:

• Internal data (e.g., financial, human resources, operational, etc.)
• External data (e.g., customer, supplier, and partner data)
• Structured and unstructured data
• Data in any format or storage medium (e.g., databases, spreadsheets, documents, etc.)

3. Data Governance Principles

The Future Company adheres to the following data governance principles:

a. Accountability: Clearly defined roles and responsibilities for data governance and data management across the organization.

b. Stewardship: Employees are responsible for ensuring the quality, integrity, and accuracy of the data they create, use, and share.

c. Transparency: Data governance processes, procedures, and decision-making are open and transparent to all stakeholders.

d. Quality: Data is accurate, complete, consistent, and fit for its intended purpose.

e. Security and Privacy: Data is protected from unauthorized access, use, disclosure, and loss, in accordance with applicable laws, regulations, and industry best practices.

f. Compliance: Data governance practices comply with applicable legal, regulatory, and contractual requirements.

g. Collaboration: Data governance fosters collaboration and knowledge sharing across the organization, encouraging data-driven decision-making.

4. Roles and Responsibilities

The following roles and responsibilities are established for data governance within The Future Company:

a. Data Governance Steering Committee: Responsible for overseeing and setting the strategic direction for data governance across the organization.

b. Data Owners: Senior management responsible for the quality, integrity, and protection of data within their respective business units.

c. Data Stewards: Designated employees responsible for implementing data governance policies, procedures, and practices within their respective business units.

d. Data Users: All employees who create, use, or share data within the organization, responsible for adhering to data governance policies and procedures.

5. Data Quality Management

The Future Company is committed to maintaining high-quality data to support effective decision-making and operational efficiency. Data quality management includes:

• Establishing data quality standards and metrics
• Regularly monitoring and reporting on data quality
• Implementing data quality improvement initiatives
• Providing training and support to employees on data quality best practices

6. Data Privacy and Security

The Future Company takes data privacy and security seriously and adheres to all applicable laws, regulations, and industry best practices. Data privacy and security measures include:

• Developing and maintaining a comprehensive information security program
• Implementing access controls and authentication measures to protect data from unauthorized access
• Regularly monitoring and auditing data access and usage
• Providing data privacy and security training to all employees

7. Compliance and Auditing

The Future Company will conduct regular audits to ensure compliance with this Data Governance Policy, as well as applicable legal, regulatory, and contractual requirements. Non-compliance with this policy may result in disciplinary action, up to and including termination

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