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ARTICLE · 30 APRIL 2018

GDPR – Where Do Your Share Plans Stand?

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It is likely your share plan documentation provides that by participating in the share plan, a participant consents to his data being processed and transferred in connection with the share plan.

United KingdomPrivacy
Barbara Allen
Barbara Allen
Anika Chandra
Anika Chandra

You should by now be well on your way to ensuring that you are able to show compliance with the General Data Protection Regulation (GDPR), which applies from 25 May 2018. But, have you considered what impact GDPR will have on your share plans and whether you need to do anything before 25th May 2018?

If you haven't started thinking about this, you should.

It is likely your share plan documentation provides that by participating in the share plan, a participant consents to his data being processed and transferred in connection with the share plan. Typically, the consent language will extend to the company granting the share options/awards (together with any group companies) and any third parties involved in the share plan arrangement such as trustees of employee benefit trusts and/or administrators.

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