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Question 1 of 30
GlobalTech Solutions, a multinational corporation, is expanding its operations into several new international markets, each with distinct legal and regulatory frameworks concerning data privacy, information security, and record keeping. The company is implementing a new global Enterprise Content Management (ECM) system to manage its records and metadata. Which of the following approaches BEST aligns the risk management framework for metadata management with the diverse legal and regulatory requirements across different jurisdictions, while also supporting the company\'s overarching business objectives, considering the principles outlined in ISO 23081-1:2017 and related risk management standards like ISO 31000?
Conduct a comprehensive risk assessment that integrates legal and regulatory considerations, business objectives, and stakeholder expectations; develop and implement risk treatment plans with specific control measures, risk sharing strategies, and documented communication; and establish regular monitoring and review processes with key performance indicators (KPIs) to ensure continuous improvement and adaptation to changes in the legal and regulatory landscape.
Implement a standardized, globally uniform metadata management policy based on the strictest data privacy regulation (e.g., GDPR) to ensure compliance across all jurisdictions, without regard to local legal nuances or business-specific needs, and conduct annual audits to identify any deviations from the global standard.
Outsource all metadata management activities to a third-party vendor specializing in international compliance, relying solely on their expertise to navigate the legal and regulatory complexities of each jurisdiction, while conducting quarterly reviews of the vendor's performance against contractual obligations.
Focus primarily on the technical aspects of metadata management within the ECM system, such as data encryption and access controls, assuming that these measures alone are sufficient to address legal and regulatory requirements, and conduct ad-hoc risk assessments only when specific compliance issues arise.

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