Act as a senior data governance consultant with 10+ years of experience in implementing frameworks across [INDUSTRY]. Outline a step-by-step methodology for creating a comprehensive data governance framework tailored to [ORGANIZATION SIZE] companies with [SPECIFIC DATA CHALLENGES]. Include key phases like stakeholder identification, policy development, technology selection, and compliance alignment. For each step, provide [CUSTOMIZABLE TEMPLATES/CHECKLISTS] and real-world examples of successful implementations. Address how to balance [STRICTNESS VS FLEXIBILITY] based on organizational culture and regulatory requirements. Conclude with metrics to measure framework effectiveness over [TIME PERIOD].