White Papers

A Pathway to Corporate Data Governance and Improving Value of Corporate Data Assets: Catalysts, Challenges, Approaches and Benefits

Organizations now recognize they have a new, powerful asset class at their disposal: their data and the information and actionable insights that the data constitutes. This asset class can provide significant returns and offers the potential to drive revenue and operational efficiencies, opportunities that have led corporate boards and C-suites in search of a path to derive greater value from corporate data. Even with this acknowledgement of value, however, many organizations are often at a loss for understanding the value of an information governance program, or have made attempts at mining value through technology with unsatisfactory results. This paper covers the fundamentals of implementing a corporate data governance program and explains why and how strong governance must be the foundation upon which value-add data programs are built.

Revolutionizing Third-Party Risk Management with Blockchain Technology

In the rapidly evolving digital economy, organizations face heightened challenges in managing risks associated with third-party partnerships across artificial intelligence, blockchain and digital assets. Traditional third-party risk management (TPRM) approaches often fall short in addressing the complexities of today’s digital risks, regulatory compliance demands and need for transparent, real-time monitoring. This paper explores the imperative role blockchain technology can play in transforming TPRM strategies, offering a sophisticated, secure and efficient framework for managing third-party risks in high-tech industries.

AI Governance in Practice Report 2024

Recent and rapidly advancing breakthroughs in machine learning technology have forever transformed the landscape of AI. AI systems have become powerful engines capable of autonomous learning across vast swaths of information and generating entirely new data. As a result, society is in the midst of significant disruption with the surge in AI sophistication and the emergence of a new era of technological innovation. As businesses grapple with a future in which the boundaries of AI only continue to expand, their leaders face the responsibility of managing the various risks and harms of AI, so its benefits can be realized in a safe and responsible manner.

UAE Financial Crime Compliance: How To Prepare for Potential Investigations

The United Arab Emirates government is actively escalating its efforts to prosecute and investigate financial crime. Financial crime prevention, investigation and response are highly complex and challenging for institutions based in, or operating in, the UAE, and increasingly so. Banks need to build robust preparedness programs or full-scale compliance technology and controls to compete on the international stage against global peers that apply a stringent international benchmark.

AI Readiness Through Effective Information Governance in Microsoft Environments

In the rapidly evolving landscape of artificial intelligence, generative AI is becoming a disruptive force, reshaping how machines interact with and create content. Advancements in this space offer the potential to unlock unparalleled benefits ranging from speeding up content production to enhancing, streamlining and automating processes. Nevertheless, the rise of generative AI can also pose a significant risk if the underlying information and workflows are poorly governed. Insufficient AI governance can lead to an array of problems, such as biased outputs, data protection vulnerabilities and the potential for making inaccurate or incomplete decisions based upon on out-of-date information.

Technology Modernisation for Internal Investigations: Clarion Call for Innovation and Improvement

The landscape of internal investigations has changed dramatically in recent years. This has been driven by factors including increased regulatory and legal pressures, unforeseen government intervention and growth in the scale of information requests. As a result, large organisations today are inundated with an increasing volume of whistleblower claims, allegations of misconduct, customer complaints and claims, suspicious activity reports, freedom of information requests, data subject access requests (DSARs), subpoenas, etc. While each request differs in substance, they all share the requirement to collect information, review and investigate, collaborate on findings, and report.

Understanding Digital Assets in the Middle East

The Middle East is rapidly becoming a region that is friendly towards cryptocurrency and digital assets businesses. Several initiatives focused on infrastructure, regulatory frameworks, goals, and hubs for businesses interested in blockchain and digital assets ecosystem have been established across the region. These initiatives aim to ensure consumer protection, collaborative governance, and alignment with current financial ecosystem guidance and frameworks.

In Contract Management, Standards Lag Behind Investment

This report explores a framework for CLM - a Digital Contracting Reference Model (DCRM) - and provides a common language framework for practitioners, technology vendors and legal service providers to align on and follow, allowing best practices to develop across disciplines.

Navigating Cloud-First Digital Forensics Across Asia Pacific Disputes and Discovery

Cloud data sources and the prevalence of messaging applications used within the workplace have spurred a new cycle of disruption in digital forensics, investigations and information governance. Overall user numbers for cloud-based platforms, and the variety of applications tapped for business purposes, will only continue to grow, especially as tech giants innovate with artificial intelligence and release new collaborative interfaces. The upshot is that counsel will grapple with how to uphold accepted principles for forensic defensibility, electronic evidence collection, data preservation and information governance across vast, complex, rapidly changing populations of data.

The General Counsel Report 2024: General Counsel Indicate Tipping Points in Strategy, Technology Adoption and Operations

Digital risk has triggered a fundamental shift in the corporate legal department. Against a tremulous cultural, economic and geopolitical backdrop, numerous issues have cascaded into tipping points across the legal function. Data-centered regulatory activity, privacy requirements, generative artificial intelligence disruption, technology advancement and an expansive web of emerging data sources are now impacting the way legal departments prioritize resources. In addition to placing tremendous demand on in-house counsel, this environment has led to a decline in the general counsel’s feelings of preparedness for every major risk category.

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