GDPR Summary for Association Executives
The General Data Protection Regulation is a law intended to strengthen the right to data protection of individuals in the European Union. The regulation takes effect on May 25, 2018, and applies to all companies and other organizations established anywhere in the world that offer good and services to people in the EU or collect and analyze personal date of EU residents.
The people whose personal data you collect, use, or process in any way are referred to in the GDPR as Data Subjects. This new complex set of rules aims to allow data subjects full control over their personal data, by imposing strict obligations which organizations that process their data will need to comply.
Breach of those obligations may incur a fine of up to 4% of annual global turnover or €20 million (whichever is greater).
In brief, here are some of the main elements to consider for achieving compliance with the GDPR.
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