“Spanish bosses must reveal ‘sleeping partners'”

This time it’s securities regulation, rather than sexual harassment law, that’s at odds with privacy: “In an attempt to crack down on insider trading, the directors of companies quoted on Spain’s stock exchange will have to come clean, on a twice-yearly basis, about anyone with whom they are having an ‘affectionate relationship’. … Company directors must also provide information about their wives or husbands and family, but it is the idea of a ‘lovers’ register’ — in which bosses could have to admit to having affairs or out themselves as gay — which has sparked reactions ranging from disbelief to fury among businessmen.” (Tony Jefferies, The Scotsman, May 12; Giles Tremlett, “Bosses told: list assets — including lovers”, The Guardian (UK), May 11; Amaya Iribar, “When love is a conflict of interest”, El Pais/INA Daily, May 16).

3 Comments

  • And We Think The SEC is Intrusive

    Here’s the unbelievable story of the day (from Overlawyered):

    … “In an attempt to crack down on insider trading, the directors of companies quoted on Spain’s stock exchange will have to come clean, on a twice-yearly basis, about anyone with whom…

  • Those Sophisticated Europeans

    I honestly thought this was a gag at first.

  • Insider Trading Regulation Run Amok: Lover Disclosure

    Overlawyered points to this incredible story about securities disclosure in Spain:In an attempt to crack down on insider trading, the