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Got Data on your People Resources?

Here's how Employers can Demonstrate Compliance with the GDPR On the 25 th of May 2018, the General Data Protection Regulation ('the GDPR') came into force across EU states, including the UK.  The UK Information Commissioner's Office ('the ICO') has repeatedly stressed that the introduction of the GDPR is not intended to instigate a panicked box-ticking exercise (although you would be forgiven for thinking so with the recent barrage of emails you will have received!), but rather a catalyst for cultural changes within organisations in order to re-focus their attention on data privacy.  In fact, the GDPR is similar in...
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Mental Health in the Workplace: Are you taking relevant action?

It’s one of the biggest taboos of the workplace, but approximately 1 in 4 people will experience a mental health problem each year and often, it’s related to their work. In fact, studies show that work is now the most stressful factor in people’s lives and employers must take action to help tackle the issue if they want to make sure their employees are happy and productive. As many as 300,000 employees with a mental health problem will leave their job every year. For employers, this means missing out on talented individuals who have already proved themselves worthy of the...
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Keeping personal data secure

Damage to reputation Fake credit card transactions Identity fraud Compromised bank accounts Individuals put at risk of physical harm or intimidation Password theft Exposure of the contact details of vulnerable people Fake applications for tax credits Mortgage fraud Exposure of sensitive health and medical details   These are just a few examples of what can go wrong if personal data is lost, stolen, misplaced or abused which is exactly why the GDPR has put a lot of emphasis on its Security Principle. This principle puts an obligation on all data processors to put in place appropriate technical and organisational measures...
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The Importance of Registering with the ICO

Under the Data Protection (Charges and Information) Regulation 2018, every organisation or sole trader processing personal information must pay the data protection fee to the ICO. This applies to everyone except those who qualify for one of the exemptions. Failure to register is a criminal offence so should be a priority for businesses.  Note that domestic use of CCTV is not included in processing which requires a fee to be paid. From 25 May 2018, people who use CCTV for domestic purposes, i.e. to monitor their property, even if it films beyond the boundaries of their property will be exempt...
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MBM ASSISTS WITH VCT INVESTMENT FOR INTEGRATED DRUG DISCOVERY SERVICES EXPANSION

MBM Commercial recently assisted Maven Capital Partners with its £1.6m VCT investment in BioAscent Discovery Limited (BioAscent), a leading provider of integrated drug discovery services. The investment will facilitate BioAscent’s growth through its unique offering of integrated drug discovery, and compound management services, as well as the Compound Cloud library of lead-like pharma compounds, from its state-of-the-art facility at BioCity, Scotland. This offering of expert compound management and integrated drug discovery services from one facility is a key differentiator and is expected to drive BioAscent’s growth. Maven Capital Partners UK LLP is a lower-mid cap private equity house focused on...
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