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COMPULSORY POLICY FOR COMPANY DIRECTORS

Posted by  | December 09, 2019 | comments
COMPULSORY POLICY FOR COMPANY DIRECTORS

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The next Budget Law could provide the obligation for members of the board of directors to execute an insurance policy for damages caused during their management activities. The directors are personally liable with their own assets for damages caused during their activity, hence this intervention aims to expand the economic area on which who suffered damage from the misconduct of the directors can rely. Moreover, the proposal would rebalance relations with the board of statutory auditors, whose ... Read More

COVIP CONSULTATION ON A SCHEME OF REGULATION ON SANCTIONING PROCEDURES

Posted by  | December 09, 2019 | comments
COVIP CONSULTATION ON A SCHEME OF REGULATION ON SANCTIONING PROCEDURES

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Legislative Decree no. 147 of December 13, 2018 - which transposed EU Directive 2016/2341 on the activities and supervision of institutions for occupational retirement provision - introduced Article 19-quinquies 252/2005, which contains specific provisions on the sanctioning procedure of COVIP, providing that the latter shall regulate its own procedure for the application of administrative sanctions, by means of Regulations. To this end, the text containing the new "Regulation on the sanctionin ... Read More

PRIVACY: SOFT SPAM MARKETING WITHOUT THE CONSENT OF THE DATA SUBJECT

Posted by  | December 06, 2019 | comments
PRIVACY: SOFT SPAM MARKETING WITHOUT THE CONSENT OF THE DATA SUBJECT

Article 130 of the Privacy Code (Legislative Decree 196/2003), considered valid even after the entry into force of the GDPR, establishes a general ban on the use of personal data for marketing purposes without consent.

However, paragraph 4 of that Article provides for an important exception: if the data controller uses, "for the purposes of direct sale of its products or services, the e-mail address provided by the data subject in the context of the sale of a product or service, may not require the consent of the data subject, provided that these services are similar to those being sold. The data subject shall be informed of the possibility of objecting to the processing at any time, in an easy and free manner ... Read More

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