Tees Business Tees Business Issue 18 | Page 57

Serving the Teesside Business Community | 57 Elaine McLaine-Wood – managing partner of Tees law firm Punch Robson Solicitors. GDPR – Elaine McLaine-Wood is saying it’s still important for businesses to be GDPR compliant. which should be shared and transparent.” The maximum fine for a breach of GDPR is 4% of the company’s annual turnover or 20 million euros, which underlines the seriousness of these laws. “With the penalties being so severe, it’s vital that record keeping is exact in case you’re ever investigated. Everyone has to buy into GDPR, not just the bosses and owners of the organisations. All employees should understand the issues.” Another change is the onus on organisations to self-report any breaches to the Information Commissioner’s Office (ICO). “You need to know what you should report and if in doubt, get advice. If you’re a regulated industry, such as a law firm or doctor’s practice, you may have a duty to report the breach to the Law Society or General Medical Council, as well as to the ICO.” Additional guidance is continually being issued by the ICO, while there are also ongoing uncertainties, such as the impact of Brexit and the potential overlapping of competing data protection regimes. “Businesses need to be alert and the message is to invest in continued compliance,” says Elaine. “It’s about continually keeping abreast of the latest information and ongoing staff training. “Perhaps you could delegate someone to keep up to speed with developments and then the rest of the staff can focus on their daily duties. It might be wise to have an annual review of your policies and terms and conditions and if there are any senior staff changes, make sure the new person understands the importance of GDPR within your organisation. “A lot of it is just good practice. But if people have taken their eye off the ball, they need to be looking at it again. “So far, more larger companies have been investigated than smaller ones. But it’s still important for smaller companies to comply because all it takes is one disgruntled employee or customer to make a complaint and it could be extremely costly for your business.” Punch Robson was established in 1877 and has offices in Ingleby Barwick and Coulby Newham. For more information, call 01642 754050 or visit punchrobson.co.uk.