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6<br />

News<br />

News in brief<br />

Cork Society hosts Daffodil Day breakfast<br />

Pictured (from left) at the annual Cork Society Daffodil Day breakfast in the Clayton Hotel in Cork are:<br />

Kyran Johnson, Janssen Supply Chain Ireland; Kevin Nyhan, Chartered Accountants Cork Society;<br />

Dr Robert O’Connor, Irish Cancer Society; and Cllr Des Cahill, Lord Mayor of Cork.<br />

Post-Brexit GDPR opportunities for<br />

Ireland-based multinationals – PwC<br />

The new EU General Data Protection Regulation (GDPR)<br />

will come into force in May 2018 and will have significant<br />

implications for Irish businesses in terms of data privacy<br />

and the protection of an individual’s data. It introduces<br />

widespread changes to current regulation in Ireland and<br />

across all EU countries. Importantly, for international<br />

businesses, if a company makes its data strategy decisions<br />

in one EU member state, it is only obliged to report to that<br />

Data Protection Commissioner. In a post-Brexit world,<br />

multinationals based in Ireland only need to deal with<br />

one Data Commissioner in English as opposed to dealing<br />

with different jurisdictions and the associated language<br />

complexities. PwC hosted a GDPR breakfast briefing<br />

recently, which was attended by over 250 Irish senior<br />

business leaders. Pictured (left) at the briefing are (from<br />

left): Denis Kelleher, Senior Legal Counsel, Central Bank of<br />

Ireland; Pat Moran, PwC Cyber Leader; and Helen Dixon,<br />

Data Protection Commissioner for Ireland.<br />

ACCOUNTANCY IRELAND<br />

APRIL 2017

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