Cross-Border Data Governance Challenges Of Multinational Corporations And Suggestions For Countermeasures

The information of MNCs requires to be transferred and transferred across regions. due to the differing regulations in various regions and countries and countries, crossing-border data flows may be subject to multiple jurisdictions and regulations. The reasons that drive MNCs to conduct the cross-border governance of data can be classified into three categories that include business model, central operation, and compliance regulations.

To reduce the cost of management and operations or to export standardized items or products, a lot of multinational companies use a centralized operating model. This means that the central office (global multi-center) is accountable for R&D analysis, as well as other back-end operations, as well as the front-end activities like manufacturing and sales all over the world, which invariably will require cross-border transfers as well as central processing, storage, and use of employees as well as customers and suppliers all over the world. This kind of situation is typically found in multinational corporations which have global operations. For instance, Uniqlo mentions in its privacy policies the following “to ensure the consistency, continuity and system security of its global business, and to enhance the quality of service provided by our brand to users, we may provide personal information provided by users to our parent company outside of China and other companies under the Xpress Group outside of China”. Starbucks is also clear the fact that “cross-border transfers of personal information are made when necessary and in compliance with applicable laws and regulations to manage the Group’s global business and to safeguard our service standards”.

As various regions of the world start to focus on and regulate cross-border data flows multinational corporations are beginning to encounter a myriad of issues when running global businesses based on cross-border flows of data.

It is thought that data governance entails both development and security dimensions and, at present, there isn’t any established model that can be used as a reference worldwide. Because the aforementioned issues of privacy breaches data leakage, misuse of personal information, and security of data, could harm citizens’ rights as well as rights of citizens as well as national security. regions and countries like such as the EU, China, Brazil, and India are governed by the government to develop the highest-level regulations for data governance, and companies, as subjects of the above-mentioned issues, generally remain still in a passive state of acceptance. In the real world, data processes from creation to distribution and usage are usually handled through multiple players and the data is widely accessible via networks, terminals platforms, and systems, and are under the control of various organizations. The reasonable views of businesses regarding the rules that are based on practices relating to data should receive adequate consideration, otherwise, they may face issues when implementing.

Since the world economy is slowly shifting toward an increasingly digital one the capability and scope of data usage will be one of the key capabilities of multinational corporations and help to shape their competitive edge in the global marketplace. This means that MNCs have to take the appropriate steps to address the issues of cross-border data governance which is a crucial question that MNCs need to answer in the age of digital society.

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