GDPR and Legislation: Protecting Data and Ensuring Compliance

This document discusses the General Data Protection Regulation (GDPR) and its importance in protecting personal data. It also explores the legislation related to GDPR and its impact on businesses. Additionally, it highlights the significance of data protection and promoting legislation and regulatory practice.

FINANCIAL MANAGEMENT

TABLE OF CONTENTS
TABLE OF CONTENTS................................................................................................................2
GDPR...............................................................................................................................................3
PROJECT 3.....................................................................................................................................3

GDPR
GDPR refers to General Data Protection Regulations which is core digital privacy
legislation of the Europe. It was designed for giving the citizens of EU greater control over the
personal data. This aims for simplifying the regulatory requirements for both citizens & business
in EU. It ensures that the personal data are gathered and kept under strict conditions for
protecting it from exploitation and misuse.
PROJECT 3
Legislation related to GDPR
The General Data Protection Regulation 2016/679 is a regulation in EU law on data
protection and privacy in the European Union and the European Economic Area. Kessler’s
International a company working in Newham Council is been engaged in following the data
protection act. They make sure that personal data of employees as well as consumers are not
being violated. This has assisted them in increasing satisfaction level of consumers. It has also
assisted them in retaining employees. It has established single law across continent and one set of
rules that is applicable to the companies who are doing business in the member stats of EU. It
means legislations extends across borders of the Europe. There will be organizations of other
regions but will be required to comply with the legislations. Legislation of GDPR are aimed at
data protection for bringing benefits to the business. By having single authority to supervise the
entire EU will be more simpler & cheaper for the business to operate in their regions. It is
claimed by the commissions of GDPR.
Importance of Data protection
It has been analysed that it is very important for company to protect the data, so that they
cannot be legally charged for the case of corruption. This will assist Kessler’s International in
building up the trust of employees as well as consumers (Wachter, Mittelstadt and Russell,
2017). It will also support them in creating consumers loyalty. They will also be known as
legally bended company. It is really necessary for firm to protect the data from getting hacked so
that consumers and employees belongingness can be gained by firm.
Legislation and importance related to health and safety
The health and safety cat, 1974 has been implemented by UK government. In this they
make sure that safe and secure environment is been provided to employees. It is really important
for Kessler’s International to protect workers from hazardous working condition as; it will

support them in making the environment of firm better. It will also help them in reducing
absenteeism and turnover.
Importance of promoting legislation and regulatory practice
It is really important for Kessler’s International to address all legislations as this will
assist them in creating their goodwill as well as reputation. They will be able to attract more
potential employees while addressing all laws and regulations (Tobin and et.al., 2017). The
business practicing the legislations and complying with all the regulation is considered as more
reliable and trusted by the customers and clients.

REFERENCES
Books and Journals
Wachter, S., Mittelstadt, B. and Russell, C., 2017. Counterfactual explanations without opening
the black box: Automated decisions and the GDPR. Harv. JL & Tech., 31, p.841.
Tobin, P. and et.al., 2017. UK Financial Institutions Stand to Lose Billions in GDPR Fines: How
can They Mitigate This?. In The British Accounting and Finance Association Scottish Area
Group Conference, BAFA, Ed., Aberd.

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