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What is the use of data in corporate governance & business management?

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Question added by Abdulqadir Sunelwala , Audit Associate , Mustafa & Co.
Date Posted: 2015/11/20
Gayasuddin Mohammed
by Gayasuddin Mohammed , Advocate , Practicing Law before High Court at Hyderabad

Meaningful information is nothing but data. Therefore based on the data you can infer many useful things to take or make appropriate decision in governing the corporate as well as for the business management. 

simply to have an idea of how well XYZ company is done in the past quarter of the financial year, it is the data of the respective business deals, income incurred, expenses, etc is useful to infer whether the XYZ corporate is done well or not and if not what steps to take to manage the business or govern the company well or better way.

My2 cents. Thanks. 

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