This document discusses key points for executives regarding data governance. It outlines that the purpose of data governance within master data management is to make critical data policy decisions and ensure data is accurate, consistent and reliable. Both business processes and technology are needed for successful data governance. The concepts of data governance aim to treat data as a valuable business asset, like financial assets, through centralized ownership and standard policies. The document also provides examples of how to build a business case for data governance by demonstrating its value across various business operations.