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

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. ISSN 1751-0457

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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.

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Item Type:	Article (Commonwealth Reporting Category C)
Refereed:	Yes
Item Status:	Live Archive
Additional Information:	Accepted version deposited in accordance with the copyright policy of the publisher. Issue is a Special Issue on Frameworks, Approaches and Methodologies for Enhancing Information Quality
Faculty / Department / School:	Historic - Faculty of Business - School of Management and Marketing
Date Deposited:	06 Feb 2008 01:45
Last Modified:	02 Jul 2013 22:58
Uncontrolled Keywords:	records management, information management, information governance, corporate governance, compliance, accountability, transparency, agency theory, business continuity
Fields of Research :	15 Commerce, Management, Tourism and Services > 1503 Business and Management > 150301 Business Information Management (incl. Records, Knowledge and Information Management, and Intelligence) 15 Commerce, Management, Tourism and Services > 1599 Other Commerce, Management, Tourism and Services > 159999 Commerce, Management, Tourism and Services not elsewhere classified
Identification Number or DOI:	doi: 10.1504/IJIQ.2008.019561
URI:	http://eprints.usq.edu.au/id/eprint/3826

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