By: Sonny Zulhuda
This November 2009 is marked with the tabling of a long-awaited law in the Parliament of Malaysia: the Personal Data Protection (PDP) Bill 2009. The complete draft can be obtained from the Parliament’s Website. Professor Abu Bakar Munir from University of Malaya has shared with us his views on the overview of the law. My further comments will also follow in due course.
This is a good news for Malaysian public. The days full with series of unsolicited calls and mails from marketers may in the near future be counted. We hope for the best to come out from this legislative exercise. Good luck MPs!
Note: for a related law on credit reporting agencies, you can check another draft Bill on Credit Reporting Agencies Bill from the Parliament’s website.
By: Sonny Zulhuda*
Information is the lifeblood of today’s business, and the corporate citizens cannot agree more on this in the present fiercely competitive world, where the source of power has to be redefined, and wealth creation needs to be re-identified. The raw data that in the past just remained in the archives had now become the goose that lays the golden eggs. These golden eggs are in the form of valuable information assets from which the companies exploit and generate their wealth.
Bunch of those raw data, however, do not exclusively belong to the companies who retain them. The customers database, for example, may be a collection of personal, financial and commercial information that originally belong to individuals – either of those internal parties such as employees and shareholders; or of external stakeholders including customers, business partners, and vendors/suppliers.. Can companies regard them as their own property? This may be a contentious issue, depending on how the data was initially obtained: where, from whom, and in what manner or circumstances.
Continue reading “Mind Your Corporate Data – And Who They May Actually Belong to (An Abstract)”