Help Milly develop a framework

Your client, Milly at DOG Investments, has determined that she needs to develop a data governance framework and strategy. While she is searching for a Chief Data Officer to join her company, Milly has asked for your advice in developing a strategy. Here are current facts about DOG Investments:

• The company is small, consisting of only 40 employees
• The board of directors is showing some interest in data governance
• The company has no standardized processes regarding data

What advice would you give Milly?