Regulatory Considerations

• Organizations must comply with various regulations, depending on industry and location
• Regulations cover areas such as
  • Data Protection
  • Privacy
  • Environmental Standards
  • Labor Laws
• Non compliance leads to penalties, sanctions, and reputational damage

Legal Considerations

• Complement regulatory considerations, encompassing contract, intellectual property, and corporate law
• Employment laws address minimum wage, overtime, safety, discrimination and benefits
• Litigation risks include breach of contract, product liability, and employment disputes
• Robust legal strategies and resources are needed to manage legal risks

Industry Considerations

• Refer to industry-specific standards, practices, and ethical guidelines
• Not legally binding but influence customer, partner, and regulator expectations
• Non-adoption may lead to competitive disadvantages and stakeholder criticism

Geographical Considerations

• Geographical regulations impact organizations at local, regional, national, and global levels
• Local considerations include city ordinances, zoning laws, and operational restrictions
• Regional considerations, like CCPA in California, impose state-level regulations
• National considerations, e.g., ADA in the US, affect businesses across the entire country
• Global considerations, like GDPR, apply extraterritorially to organizations dealing with EU citizens’ data
• Conflict of laws between jurisdictions is a significant challenge