Asset Details > Understanding business assets > Legal Entity
  

Legal Entity

A Legal Entity asset captures corporate entities, whether these are part of the customer’s own group of companies or trusted partners and vendors, that can be used to make relationships to other business assets to provide context.
For example, if your organization Acme Fitness has a subsidiary called Acme Digital for creating digital wellbeing products, you can create an activity called 'Acme Digital'.
You can rate a Legal Entity asset to indicate your assessment of the asset, or add your comments to the asset to provide your inputs on the data present within the asset. This enables different users to collaborate on assets and make collective decisions on using the data. For more information on collaborating on an asset, see the Working with Assets help.
You can view the number of open tickets and overdue tickets. Open tickets indicate the tickets pending in progress to track changes to the Legal Entity asset. Overdue tickets indicate the tickets beyond due date that require your action. You can also view the lifecycle of the Legal Entity asset to know the particular stage of the lifecycle in the asset workflow.

Overview tab

On the Overview page, you can view the system and custom attributes of the Legal Entity along with other basic information about the Legal Entity.
The system attributes are the system-defined properties of the asset. The custom attributes are user-configured properties of the asset that allow you to specify and store specific information relevant to your assets beyond the system-defined attributes.
The following table describes the properties of the Overview page:
Field
Description
Name
Unique name of the asset.
Parent
Another Legal Entity asset under which the open Legal Entity asset hierarchically fits.
Description
Definition of the asset. The size of the field should not exceed 1 MB.
Reference ID
Unique reference identifier for the Legal Entity asset.
Long Name
Long form name for the Legal Entity to make it easily identifiable.
Stakeholders
Users responsible for this asset or interested in the asset.
Asset Groups
One or more asset groups assigned to this asset. Asset groups allow users access to a set of assets in the organization.
You can assign asset groups to an asset if your organization administrator has granted you the Manage Access permission on the asset through access policies in Metadata Command Center.
Data Quality
Data quality scores for the Legal Entity asset that is generated from a data quality tool.
Created By
User that created the Legal Entity asset and the date on which it was created.
Updated By
User that last updated the Legal Entity asset and the date on which it was updated.
If the organization administrator has configured custom fields for the Legal Entity asset type, you can see the fields on the Overview page of the asset.

Hierarchy tab

See assets that users have specified as child assets of the Legal Entity asset. Click the expand icon to view hierarchical child assets of the Legal Entity asset. Click a child asset to open the asset on a new page.
The following table describes the properties of the Hierarchy page:
Field
Description
Name
Name of the child asset.
Asset Type
Type of the child asset
Description
Description of the child asset.

Relationships tab

On this page, you can switch between grid view or graph view to view all the relationships that the Legal Entity has with other assets. Create relationships with other assets if they can be used together to make business or governance decisions.
The following table describes the fields that appear when you switch to the grid view on the Relationships page:
Field
Description
Name
Name of the related asset.
Type
Type of the related asset.
How It Is Related
Relationship between the related assets and the Legal Entity asset that you have opened.
Displays the name of the corresponding related assets. Hover the mouse over the arrows of different colors to see if the relationship is direct, indirect, inbound, or outbound.
Hierarchy
Hierarchical path of the asset.
Note: This column is hidden by default. To display the column, right-click on the column header and select Hierarchy.
You can perform the following activities on the Relationships page:

Relationship example

The following image shows a sample asset and the different types of relationships with other assets:
Image depicting a sample asset depicting the directional relationships with other assets.
In the image, the business term 'Delivery Cost' is the open asset. The Relationships tab shows the grid view of all the assets related to 'Delivery Cost'.
  1. 1The highlighted policy asset 'Gov Policy 01' is related to the open asset through an inbound relationship, which is indicated by the orange arrow pointing to the left direction. This indicates that the relationship between the business term 'Delivery Cost' and the policy 'Gov Policy 01' originated in the policy asset 'Gov Policy 01'. The relationship type 'is Regulating' indicates that the policy asset is regulating the business term.
  2. 2The highlighted system asset 'Customer Call Analysis Reports' is related to the open asset through an outbound relationship, which is indicated by the blue arrow pointing to the right direction. This indicates that the relationship between the business term 'Delivery Cost' and the system 'Customer Call Analysis Reports' originated in the business term 'Delivery Cost'. The relationship type 'is a Strategic Source for' indicates that the business term is the preferred or recommended source of data for the system asset.

Data Quality tab

View individual data quality scores of the technical assets that are linked to the legal entity.
The Dimensions Latest Scores section shows the data quality score of the legal entity for each data quality dimension. The Rules Against Target section shows the data quality score of the legal entity against the defined target, which is the minimum acceptable data quality value for the asset to be considered "Good".

Stakeholders tab

View users that have been designated as stakeholders for the Legal Entity asset. Stakeholders are authorized users who are responsible for the Legal Entity asset, and can approve or reject change requests for the Legal Entity asset. If your role has permissions, you can add or remove stakeholders on this page.
The following table describes the properties of the Stakeholders page:
Field
Description
Name
Name of the user or user group.
Role
Role of the user or user group in the organization.
Email
Email address of the user.
Note: This property does not appear for user groups.
User Origin
The origin of the users. For example, when a user logs in using SSO, the value for this field is displayed as SAML.

Tickets tab

View change request tickets that users have created for the Legal Entity asset.
The following table describes the properties of the Tickets page:
Field
Description
Name
Name of the ticket.
Description
Description of the ticket.
Type
Type of ticket.
Status
Status of the change ticket.
Current Task Owner
The stakeholders who are assigned to the tasks in the ticket.
You can filter the list of tickets by selecting available filter options.

History tab

View changes that users have made to the Legal Entity asset. The History tab provides an audit log that you can use for compliance requirements.
The following table describes the properties of the History tab:
Field
Description
Date
Displays the created and last updated dates of the asset.
Event Type
Displays the type of the event that is performed on the asset:
  • - Asset. Displays changes in the name, description, certification, or the reference ID of the asset.
  • - Relationship. Displays additions, deletions, and the updates of the relationships between the assets.
  • - Stakeholder. Displays additions and deletions of stakeholders to the asset.
Action
Displays the following actions that are performed on the asset:
  • - Create. Displayed if the asset is created.
  • - Updated. Displayed if the asset is updated.
  • - Deleted. Displayed if the asset is deleted.
Current Attributes
Displays the recently changed attributes of the asset.
Previous Attributes
Displays the earlier attributes of the asset.
Changed By
Displays the user who has performed any action on the asset.
Asset Name
Displays the name of the asset.
Asset Path
Displays the origin path of the asset.
Asset Type
Displays the type of the asset.
From Asset Type
Displays the source asset type for which the change is applicable. This is applicable when the event type is Relationship.
To Asset Type
Displays the target asset type for which the change is applicable. This is applicable when the event type is Relationship.