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"The internal controls at I.S.S. did not adequately address the potential misuse of confidential proxy voting information by firm employees".
"We are also mindful of concerns about potential misuse of confidential information, and the new rule includes important safeguards to address those concerns".
In some ways, hiring a former executive to advise on a takeover bid is a form of a management buyout, with all the potential conflicts and dangers that entails, including the potential misuse of confidential information.
"His misuse of confidential information gave him an unfair and illegal edge over other traders in the markets," Rosalind R. Tyson, director of the S.E.C.'s Los Angeles office, said in a statement.
The court granted an interim injunction preventing the employees using the company's contacts, saying this was a misuse of "confidential information" and a breach of the implied duty of good faith.
Though no rape charges were filed in the case, Lai was eventually charged last month with two misdemeanor counts of unlawful possession of criminal history information and four misdemeanor counts of misuse of confidential department of motor vehicles information.
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The absence of appropriate regulations and oversight have allowed the misuse and abuse of confidential informants to become an everyday occurrence in the "War on Drugs," breeding systemic injustice on a national scale.
While the rationale to develop such a population register is to improve population health and equity through systematic medical audit, appropriate safeguards should be in place to limit any unintended misuse of possible confidential health data.
Goldman Sachs denied that it had served as an adviser to the South Korean distiller Jinro, which has accused Goldman of misusing confidential information.
Scottish & Newcastle, the UK's last major brewer, this morning stepped up its struggle to avoid falling into foreign hands, accusing would-be bidder Carlsberg of misusing confidential information.
Not surprisingly Mr Nilekani, info-tech whizz turned head of the Unique Identification Authority of India, faced tough questions over access and misuse of personal information, surveillance, profiling, securing of confidential information by the government and threats of budget cuts.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com