Privacy Protection And Stakeholder Management For XYZ Corporation

Principles and Privacy Protection from the General Counsel Viewpoint

The foremost determination of this paper is to focus on the preparation of a report which will be useful for the CEO of XYZ so that the organization can deal with all the all the complexities that they might face as they are trying to increase their business reach to the other parts of the world such as European countries and locations such as California, San Jose and San Francisco in the United States of America. The report will be discussing the principles and the privacy protection from the point of view of the General Counsel. The overseas legislations and the protections policies of each region of US are different from each other, this paper will be helpful to understand those regulations in a detailed manner. The perspectives of the stakeholders will be discussed in the paper along with the scenario response.

The privacy and the security policies which are being practiced in Australia is different from that of United States. There are no general right to privacy law enacted in Australia however, the International Convention on Civil and Political Rights are used by the security agencies of Australia regarding any security breaches. The security of the products and services offered by the Australian organizations were maintained by this law.

The increase in the business reach of this organization requires the safety and security of all the stakeholders associated with the project. Every business organization have both external and internal stakeholders, both of them are equally responsible for the growth and development of the organization. So decision making considering the working schedules of the stakeholders should be considered in the first place by this organization. The stakeholder who are comparatively incompetent must be identified and supported with all possible help. 

Relocation of regional offices or increase in the business reach of the organizations requires to maintain the security policies of the new places along with the cultural differences. The security and the privacy protocols of the regions are used to maintain the medical and the business records of an organization. Data is considered as an asset in most of the global organizations which is the main reason behind the need for the privacy rights. The data governance laws are also very much needed for the protection of the data which are circulated in the business environment as any kinds of intrusions may have a negative impact on the growth and productivity of the organization especially when they are trying to increase their business reach to the other parts of the world.

Overseas Legislations on Privacy and Protection Policies

Overseas guidelines such as the Organization for Economic Co-operation and Development which was established in the year 1961 can be very much useful for this organization to deal with the protection of privacy and the flow of data across the borders. These guidelines can be used by the management team of XYZ for the protection of their data.

The European data protection regulations are somehow different from USA, GDPR or the General Data Protection Regulations are there for the protection of data of business organizations. The authorization of the GDPR has to be validated by the authorizing environment of the regulations. The European court of Human rights also plays a significant role in the protection of human right, thus these regulations can save XYZ from the probable privacy and security issues. The Fundamental Right of European Union are helpful consideration the protection of the data from the cyber criminals. However, considering all these overseas regulations it can be said that the encrypted form of communication must be practiced in the new offices of this organization both in Europe as well as in USA.

However in Australia there are numerous privacy principles such as the transparent management of the personal information, maintaining anonymity and pseodonymity and collection of solicitated personal information. There are numerous clauses and sub-clauses of privacy principles which are not there in the overseas privacy regulations. Thus, it can be said that the developments and the privacy protection procedures of Europe and USA are completely different from Australian privacy principles. 

The national jurisdictions are completely different from the jurisdictions of USA and Europe. The Australian privacy principles and the associated sub-clauses are very much important for the protection of the data which are being circulated among the stakeholders of business organizations.

Relocation or addition of a business unit revolves around numerous new stakeholders. The new stakeholders should be chosen in such a way that XYZ can maintain a long term relation with all of its stakeholders. The originality of information which are passed from one stakeholder to the other stakeholder must be maintained. Considering the Australian jurisdictions it can be said that the governing bodies of the six states of Australia play a huge role in the protection of the assets of the organization, where as in Europe and USA there are numerous laws and guidelines which are responsible for the protection of the organizational assets and the data of the organizations. The Australian Information Commissioner introduced the privacy protection bill in the year 2012, which had numerous loopholes which are frequently revised where in Europe or in USA there are no such complications.

Stakeholder Management

Based on the OECD principles it can be said that that the economic progress of XYZ will be maintained if the management team of the organizations maintains this principle while dealing with all the new stakeholders of this organization. According to the principle, the new stakeholders cannot store any personal data in their official computer systems. Inaccurate personal information cannot be stored by the new stakeholders of this organization, along with that there must an authorization letter for each of the official decisions so that none of the outsiders or the cybercriminals can impact the reputation of the new office in USA and in Europe. The limitation principle can be applied to the new stakeholders of this organization as it will help them to safeguard their data from illegal activities. The accountability principle will be also contributing to the growth of the new stakeholders of this organization.

The Asia-Pacific Economic Co-operation can be also very much useful for the new offices of this organization as it will ensure the economic prosperity of this organization if any of the stakeholders violates any of the privacy regulations. The APEC framework can be hugely beneficial for this organization regarding the misuse of information. 

Social media platforms such as YouTube and Instagram can be also hugely beneficial in the new offices of XYZ regarding the protection of the organizational assets which are shared by the stakeholders of this organization. However, the use of the social media platforms may also have a negative impact on the business such as the alteration of the data which are sent to the important stakeholders of this business such as the provider of the raw materials due to the exposure which is unavoidable. Like every other business organizations, clients are the consumers are the prime stakeholders of this organization. XYZ can use technologies such as the social media platforms and big data technologies to reach out for the potential customers of this organization. The changing needs and requirements of the clients can be understood by the management team of XYZ. The practice of data aggregation can be significantly impactful for this organization as there are very less chances of data isolation. These technologies can also have a lasting impact on the growth and productivity of this organization and the Australian Privacy Principles (APPs) and the sub clauses of Australia are also applicable to these technologies. The unlawful protection of the organizational assets is the other important priority of APPs.

Cybersecurity Policies for Overseas Offices

The Australian privacy principles can have a huge impact on both the existing as well as the new stakeholders of this organization as any kinds of breaching of those principles by any of the stakeholders of this organization can have a negative impact on both the stakeholders as well as on the reputation of the organization. Severe fines per day will be the consequences used on the Australian regulations. However, considering the national privacy laws which are there in Australia, it can be said that any kind of violations can not only have negative impact on the growth of the company but it will also help the other similar business organizations to capitalize the scenario. Trustworthiness among the external stakeholders is the other impact regarding the violation of the privacy principles. All the Notifiable Data Breaches (NDB) can also lead to cancellation of the business authorization of this organization.

Table 1: Perspectives of stakeholders in each region

(Source: Created by the author)

The perspective of the stakeholders are different in different regions, the above table can be hugely beneficial to understand the perspectives of the stakeholders against each regions. The functional status of the stakeholders have been also stated in the table. Reputed stakeholder theories such as the convergent stakeholder theory and stakeholder management theory can be applied by XYZ in order to manage the difficulties which will be faced by the new stakeholders of this organization.

The factors which are responsible for all the business activities are described below:

Trust: All the new stakeholders which will be selected by the XYZ corporation must a having a good market reputation in the local as well as international markets which will be useful for the growth and progress of the organization.

Acceptance: The local stakeholders has to be accepting all the adverse business conditions such as the inflation and recession. The risk sharing procedures has to be accepted by all the new stakeholders of this organization as well so that the organizations targets are accomplished.

Assurance: Responses strategies in any critical situation has to be conceptualized by the stakeholders in the first place. The strongest proponents of the business factors has to be identified in the first place by the new stakeholders. 

Conclusion

The paper concludes the statutory principles and the privacy protection policies which are practiced in Australian business environments as well as in Europe and USA. International Convention on Civil and Political Rights are practices in Australia along with the Australian Privacy Principles (APPs). The importance of GDPR is responsible for management of the data for business organizations across Australia, Europe and United States of America can be also determined from this report which can be useful the CEO of this organization to frame the new security policies as they are planning to increase the business reach of this organization across Europe and US. Thus the paper was helpful in understanding the difference in privacy principles both in Australia and in the USA and Europe. The impact of the Australian privacy principles on the stakeholders can be also determined from this paper. The APPs can not only help the business organization to maintain security and privacy in their working environments but at the same time it also helps the organization to grow in the competitive market. The perspectives of the stakeholders has been also discussed in the above unit of the paper. The tabular description of the perspective of the stakeholders helps in understanding the necessity to choose efficient and reputed stakeholders who has a good market reputation in the regional as well as in global level. The factors responsible for the business activities of the stakeholders can be also determined from this paper such as trust, acceptance and assurance. Thus, this report can be hugely beneficial for this organization in the next board meeting as it considers all the possible business factors required to increase the business reach of the organization across continents as the privacy policies of Australia are different from both USA and Europe. 

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