“Spanish bosses must reveal ‘sleeping partners’”

by Walter Olson on May 17, 2005

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 }

1 Financial Rounds 05.17.05 at 1:01 pm

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…

2 Coyote Blog 05.17.05 at 6:42 pm

Those Sophisticated Europeans

I honestly thought this was a gag at first.

3 Conglomerate 05.18.05 at 4:19 am

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

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