Importance of data privacy compared to data governance?

Rephrased question : What is the level of importance of data privacy compared to the level of importance of data governance?

Answer : Data privacy is one of the aspects within data governance.

In data governance, simply put, on one side there is a need to ensure data is protected and that it doesn’t fall into wrong hands, on the other side there is a need to enable potential users of data and a potential to monetize data. Data governance should come up with policies, framework, principles, etc that satisfies both sides.