Formosa International operates in 20 different countries including the United States and France. What organizational approach would make complying with a number of different regulations easier?
Rationalizing requirements is an organizational approach that involves identifying and harmonizing the common elements of different privacy regulations and standards. This can make compliance easier and more efficient, as well as reduce the risk of conflicts or gaps in privacy protection. Rationalizing requirements can also help to create a consistent privacy policy and culture across different jurisdictions and business units.
Rationalizing requirements involves harmonizing shared obligations and privacy rights across varying legislation and/or regulators. It means implementing solutions that address shared obligations and standards, applying the strictest standards where they don't conflict with other laws, and addressing outliers on a case-by-case basis. This approach can help an organization navigate the complexities of multiple privacy regimes in an efficient manner.
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