India and Indonesia balance corporate governance and data privacy through legislative frameworks and enforcement tactics, facing challenges and implementing innovative solutions for compliance and privacy protection.
Authors
Siddharth Kanojia, Associate Professor, Jindal School of Banking & Finance, O.P. Jindal Global University, Sonipat, Haryana, India
Inas Afifah Zahra, Politeknik Negeri Jakarta, Depok, Indonesia
Summary
In the present-day landscape, the implementation of corporate governance and data privacy is deeply interconnected. These two facets of a business are critical for regulating compliance, building the trust of stakeholders, and making sure that businesses are operated responsibly and efficiently. Accordingly, this chapter explores the delicate balance that these two of Asia’s most dynamic economies, i.e., India and Indonesia, manage to maintain between the requirements for data privacy and accountability as well as transparency. The legislative frameworks and enforcement tactics that have influenced corporate governance and data privacy practices in these nations are significant factors to be taken into consideration for focus areas. The chapter will provide insight into how organizations employ these regulations, prevalent problems that emerge with them, and innovative solutions that are implemented to uphold compliance and safeguard individuals’ privacy. The chapter also provides comparative viewpoints that can be used to identify common issues and viable solutions. It also includes policy recommendations that can be implemented to improve corporate custodianship towards privacy of data.
Published in: Approaches to Global Sustainability, Markets, and Governance
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