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Discuss following topic. Minimum 250 words.
Information Governance and Legal Functions: According to the authors, Smallwood, Kahn, and Murphy, IG is perhaps one of the functional areas that impact legal functions most. Failure to meet them could be literally put an organization out of business or land executives in prison. Privacy, security, records management, information technology (IT), and business management functions are very important. However, the most significant aspect of all of these functions relates to legality and regulatory compliance from a critical perspective.
For this discussion, identify a company in banking industry and discuss the regulatory compliance requirements that a banking company has to meet and the corresponding security, privacy, and records management functions that would need to be enabled for that organization. Remember to cite your sources and critically respond to two other learners.
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At least 2 (scholarly) journal source should be used for each post.
Make your references in correct APA 7 format and cite each reference at least once, but as many times as you rely on it. Citations support each sentence relying on a reference, not an entire paragraph. Do not use direct quotes, rather rephrase the author's words and continue to use in-text citations.