Corporate Data Governance and GDPR Compliance for U.S. Companies
Cross-Border Cooperation; Minimizing Risk of Investigations and Fines
Course Details
- smart_display Format
On-Demand
- signal_cellular_alt Difficulty Level
- work Practice Area
Corporate Law
- event Date
Wednesday, April 11, 2018
- schedule Time
1:00 PM E.T.
- timer Program Length
90 minutes
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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This CLE course will analyze challenges facing U.S. based multinational companies relating to new data privacy and security initiatives. The panel will discuss best practices for complying with the European Union (EU) General Data Protection Regulation (GDPR); cross-border cooperation and regulatory investigations; assessing potential liability and steering clear of possible fines; and other emerging risks and governance challenges relating to data privacy and security.
The new GDPR, due to take effect on May 25, 2018, creates broad-sweeping changes to data privacy for U.S. companies that maintain personal data of European citizens. Non-compliant businesses will face hefty fines of up to 4% of their global annual revenues in penalties.
The cost of a data breach and mishandling could run into millions of dollars for U.S.-based companies facing legal actions following investigations by EU regulators of potential GDPR violations and misconduct. Senior managers of fast-growing companies often overlook proper operating procedures, subjecting the organization to a wide range of avoidable compliance related issues.
Counsel and compliance advisers must be knowledgeable of GDPR and how it applies to U.S. based companies, its impact on corporate governance and operations, and the necessary steps to ensure compliance.
Listen as our panel examines the new GDPR and EU regulations for data protection, provides guidance on implementing procedures to avoid a breach of fiduciary duties and misconduct, and reevaluates third-party service levels and agreements for data privacy compliance. The panel will offer best practices for complying with the data protection regulations and handling or avoiding cross-border investigations.
- EU regulatory trends impacting corporate governance of U.S. based multinational enterprises
- Key features of GDPR and effective compliance
- Handling cross-border investigations and areas of concern
- Best practices for corporate governance of data privacy and security
The panel will review these and other key issues:
- Identifying risks for U.S. based multinational companies and EU regulations
- Understanding the requirements and application of the GDPR
- Determining effective methods of GDPR compliance and avoiding penalties against global revenues
- Conducting internal data audits and implementing processes in accord with new regulations
- Selecting and appointing supervisory authority in EU member states
- Reevaluating the service levels of third-party providers and assessing their data privacy compliance
- Handling cross-border investigations and areas of concern, such as attorney-client privilege, production of information subject to privacy, local government preferences toward misconduct, and more
