Kerry Co-op Chair criticises media for printing addresses of shareholders

Privacy Concerns Raised Over Publication of Shareholder Facts

The chair of Kerry Co-op, James Tangney, has expressed outrage over the publication by several newspapers of detailed financial information regarding Kerry Group shareholders. This information, including full names, addresses, and share values, sparked concerns about shareholder privacy and data protection.

Tangney acknowledges that the information was legally accessible through the Companies Registration Office (CRO). He stated, “while these details were already in the public domain through the CRO, one would have to pay to access that information and know about the process.”

However, Tangney argues that the decision to publish this sensitive data was ethically questionable. He emphasized the vulnerability felt by many shareholders upon discovering their financial information had been so widely disseminated. “Many shareholders feel very vulnerable that that their financial information was made so widely available,” he said.

The publication specifically included details of Kerry Co-op shareholders who received shares in Kerry Group following the co-op’s acquisition of the agri-giant’s dairy division. This transaction resulted in a share spin-out, making the shareholders’ involvement a matter of public record.

Tangney’s strong stance highlights the delicate balance between public access to information and the protection of individual privacy,particularly in the context of financial data. It raises significant questions about the obligation of media organizations when handling sensitive personal information, even if publicly available.

The incident underscores the need for ongoing dialog and collaboration between stakeholders, including co-ops, corporations, media outlets, and regulatory bodies, to ensure the responsible and ethical use of data in the digital age.

How does James Tangney believe media outlets should approach handling sensitive personal information, even if publicly accessible?

Interview with James Tangney: balancing Access to Information and Shareholder Privacy

Introducing James Tangney

Archyde is thrilled to welcome James Tangney, the chair of Kerry Co-op, to discuss the recent privacy concerns surrounding the publication of detailed shareholder information by several newspapers. James has been a staunch advocate for shareholder rights and ethical journalism in the digital age.

Public Access vs. Shareholder Privacy

Archyde (A): James, the information published was indeed accessible through the Companies Registration Office. However,it’s the dissemination of this data that has raised concerns. What’s your take on this delicate balance between public access and privacy?

James Tangney (JT): While the information was technically accessible, the barrier to entry was quite high – it required specific knowledge and a payment. the publications in question, though, lowered that barrier considerably, making sensitive financial information widely available at the click of a button. This, in my view, is where the ethical concerns arise.

Ethical Considerations for Media Outlets

A: You’ve emphasized the vulnerability felt by shareholders. How do you think media outlets should approach handling sensitive personal information, even if it’s publicly available?

JT: Media outlets have a duty to consider the potential impact of their actions on individuals. Just because information is publicly available doesn’t mean it should be freely published, especially if doing so coudl cause harm or distress. They should exercise discretion and consider the ethical implications of their decisions.

Moving Forward: collaboration and Dialog

A: The incident has highlighted the need for ongoing dialogue between stakeholders. How do you see this conversation playing out in the future, and who should be involved?

JT: I envision regular dialogues between co-ops, corporations, media outlets, and regulatory bodies. It’s crucial we establish clear guidelines and best practices for handling sensitive data in the digital age. Openness, accountability, and respect for individual privacy should be at the core of these discussions.

Final Thoughts: The Role of the Public

A: Last question,James. As we engage in these discussions, what role do you see for the public in shaping how our data is used and protected?

JT: The public has a vital role to play. Their voices, experiences, and concerns need to be heard. They should have a say in how their data is collected,stored,and used. After all, it’s their data we’re talking about. It’s our collective responsibility to ensure it’s used responsibly and ethically.