How do other companies manage the disclosure (or not) of potentially price sensitive (insider) information to union representatives? Do you make them insiders? Do you ask them to sign an NDA? Do you train them on what inside information is? We would welcome your ideas.
Interesting. Apart from pension trustees, for which we have a procedure in place (they’d sign an NDA or similar, added as insiders and educated), not something on the radar. The situation hasn’t arisen whereby we have had to share inside information with union reps ahead of its publication.
In the past we have generally pushed back and indicated that we can’t share as its price sensitive information. However where we have had to disclose (eg risk to a collective consultation process) then it’s been a combination of the points set out, we provide training to make it very clear that any disclosure could have very serious consequences. We then ensure they sign the insider NDA and they go onto the list.