FTI Consulting, Inc. Joins Safe Harbor Framework
Assures FTI handling of client data meets adequacy standard required by the European Directive on Data Protection
Baltimore, MD - August 14, 2007
FTI Consulting, Inc. (NYSE: FCN) the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced its compliance with the Safe Harbor framework developed by the US Department of Commerce and the European Commission governing the handling of European Union personal data.
Certifying to the Safe Harbor assures EU organizations and governing entities that a US company comprehends and has implemented adequate personal data privacy protections. The certification also in most cases eliminates the need for prior approval to begin data transfers between the EU and US, and in all cases ensures prompt approval of such transfer from the data protection authorities in EU member states.
“The Safe Harbor certification enables FTI to swiftly respond to our clients' often time-sensitive data collection, processing and analysis requirements on multinational matters that regularly involve data from Europe, the United States and other countries,” said Craig Earnshaw, managing director in the European technology practice at FTI Consulting. “With this certification and where appropriate to a matter, FTI will be able to transfer data from the EU to our US offices to take advantage of the additional data processing capacity without undue delay. Likewise, our US team will be able to access EU-hosted data to aid in client support more quickly.”
The European Commission's Directive on Data Protection prohibits the transfer of personal data to countries outside of the European Economic Area to nations that do not meet the EU standard for privacy protection. Approved by the EU in 2000, the Safe Harbor provides a streamlined means for US organizations to comply with EU data standards for protecting personal data privacy and improve service to their clients in the EU.
“The Safe Harbor certification is recognition of the level of care and the degree of security that FTI has in place to protect the sensitive and confidential data that is entrusted to us for processing and hosting by our global network of clients,” said David Remnitz, senior managing director and technology segment leader at FTI Consulting.
Organizations voluntarily certify to the Safe Harbor, and must re-certify annually. For more information on the Safe Harbor and for a list of certified organizations, please visit: http://web.ita.doc.gov/safeharbor/shlist.nsf/webPages/safe+harbor+list
About FTI Consulting, Inc.
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 2,200 professionals located in most major business centers in the world, we work closely with clients every day to anticipate, illuminate, and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring. More information can be found at www.fticonsulting.com.
FTI, FTI CONSULTING are trademarks of FTI Consulting, Inc.
Safe Harbor Statement
This press release includes "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 that involve uncertainties and risks including statements related our future financial results. There can be no assurance that actual results will not differ from the company's expectations. The Company has experienced fluctuating revenues, operating income and cash flow in some prior periods and expects this will occur from time to time in the future. As a result of these possible fluctuations, the Company's actual results may differ from our projections. Further, preliminary results are subject to normal year-end adjustments. Other factors that could cause such differences include the pace and timing of the consummation and integration of past and future acquisitions, the company's ability to realize cost savings and efficiencies, competitive and general economic conditions, retention of staff and clients and other risks described under the heading "Item 1A. Risk Factors" in the Company's most recent Form 10-K and in the Company's other filings with the Securities and Exchange Commission. We are under no duty to update any of the forward-looking statements to conform such statements to actual results or events and do not intend to do so.