In today’s data-driven world, understanding the evolving legal landscape around data access and sharing is essential for NEDs. CMS' guide to navigating the latest data access and sharing regulations yields essential insights for ensuring effective oversight of compliance, risk management, and strategic use of data as a key business asset.
New regulations such as the UK’s Data (Use and Access) Bill and the EU’s Data Act are reshaping how organisations manage one of their most valuable assets - data. These laws aim to increase data portability and foster innovation, while balancing the rights of data holders and users.
CMS' comprehensive guidance provides a clear overview of the Smart Data provisions and the obligations they impose on businesses operating across the UK and EU.
For NEDs, staying informed on these changes is crucial to oversee compliance, guide strategic risk management, and support the development of resilient data governance frameworks.
Review the article below to better understand the implications of these reforms, preparing boards to navigate this complex but opportunity-rich environment.
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Read the full guidance at the link here.
About CMS:
CMS is a forward-thinking global organisation of independent law firms, boasting over 80 offices in more than 40 countries, and a network of 5,800 lawyers. Combining deep local market knowledge with a broad global perspective, CMS offers dynamic and agile legal solutions to help clients navigate the future with confidence. The firm's focus on social impact, diversity, and sustainability underscores their significance in conversations on governance and future-facing leadership. NEDA are proud to be working in partnership with CMS.