In our latest Disputes Nightmare Scenario Flash Webinar, Euan McMahon, a Managing Associate in the Fraud team, was joined by Sharon Tan, a Partner in the Employment team, and Martin Boyle, Interim General Counsel at Ocado. Together, they discussed how best to navigate the discovery that a trusted senior employee has taken, or is planning to take, the business’ confidential information for use at a competitor.
A good business cannot operate without a degree of trust in its workforce – especially in its senior employees, who will often require access to highly confidential information or sensitive data in order to carry out their duties properly. But that trust can be abused, particularly when the information in question would be very valuable to an existing competitor, or an excellent foundation to start a new business, or even as an attack on management’s reputation and credibility. It is therefore essential that a business knows both how to protect its confidential information, and how to respond following the discovery of deliberate misappropriation or misuse by staff.
The webinar covered a number of topics, including:
The vital first steps to take upon discovery of the data theft
Tips and tricks for carrying out a thorough and fair investigation
Remedies that may be available as against the employee and/or the competitor
How to handle disciplinary proceedings