Control and direct your own personal and company data
Legal Entity Management
Using Legal Entity Management (LEM):
- companies manage their own personal and company data; and
- companies make agreements with their partners about sharing their data.
An unique information ecosystem will develop, in which assurance is obtained about the identity and competences of other companies This provides insight on the relationship-dynamics with other companies, but also insights on relationships of these companies with other companies.
MYOBI makes it as easy as possible, by making these business data available from authentic sources (e.g. the Dutch Chambers of Commerce).
Users of the MYOBI Trust Network – as a collection of information ecosystems – are in control of their own data. Companies can arrange preconditions for freedom and guarantee of the continuity of business activities. Additionally, business processes can be organised more effective and cost-efficient.
The MYOBI Trust Network facilitates company users to be accountable for organising compliance with legal and contractual data protection and information security obligations.
The Accountability Seal Policy, as part of the TTP policy, which includes the TTP Code of Conduct GDPR, is a starting point for organizing accountability. Preparations are being made to have the TTP Code of Conduct GDPR approved by the supervisory authority, the Dutch Data Protection Authority (AP).
MYOBI offers companies more certainty about the expectations of the supervisor. The expectations offer the opportunity to organize the desired compliance effectively and cost-efficiently
Companies use the information ecosystem to purchase the services. The service desk and account management will be happy to help you with, for example, the creation of a business case.
The following trust services are available:
- Extensions to the basic functionality of Legal Entity Management (LEM);
- Smart contracting aimed at optimally supporting the company legal function; and
- Smart compliance focused on organising company compliance function.
On the MYOBI Trust Network, professional organisations manage services. Users of the trust network use these services to optimise business processes.
Accountability Seal Register
The management of a company justify themselves for complying with the TTP policy, and in particular the MYOBI Code of Conduct GDPR, in a self-declaration. In the self-declaration, the leadership indicates the company’s maturity level for data protection and information security with an Accountability Seal. MYOBI lists the Accountability Seal in the Accountability Seal Register.
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MYOBI assumes and obliges all companies to express their accountability with the TTP policy in a maturity level and to demonstrate this level to users