Author(s)

Wang Wei ¹

Affiliation(s)

¹ School of Business, Hong Kong Baptist University, Hong Kong, 999077, China

Corresponding Author

Wang Wei

ABSTRACT

The purpose of this article is to explore the construction of data governance framework of multinational enterprises and its compliance path, in order to meet the complex challenges of data protection and compliance under the background of globalization. Through in-depth analysis of international laws and regulations, industry standards and best practices, the key elements and effective strategies for building a data governance framework for multinational enterprises are put forward. In terms of methods, firstly, the design principles and objectives of the data governance framework are outlined, and the foundation and orientation of the framework construction are clarified. Then, the elements of the framework are elaborated in detail, including organizational structure, policy system, technical support, process management and supervision and assessment, which provides guidance for the concrete implementation of the framework. In addition, this article also discusses cross-cultural and cross-border adaptation strategies to ensure the applicability and effectiveness of the framework on a global scale. Through research, it is found that the successful construction of data governance framework of multinational enterprises needs to comprehensively consider multiple factors and formulate corresponding compliance strategies and practical methods. The framework and strategy proposed in this article are helpful for multinational enterprises to improve their data management capabilities, ensure the quality, security and compliance of data, and promote the effective use and value creation of data.

KEYWORDS

Multinational enterprises; Data governance framework; Compliance path; International laws and regulations; Risk management

CITE THIS PAPER

Wang Wei. Construction of Data Governance Framework for Multinational Enterprises and Exploration of Compliance Path. Science of Law Journal (2024) Vol. 3: 6-12. DOI: http://dx.doi.org/DOI: 10.23977/law.2024.030702.

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