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Insider knowledge: Ban on exploiting knowledge of internal processes for personal purposes |
Employees may only use their knowledge of confidential internal projects and processes for company-related purposes and must not disclose it to any third party. In this context, "third party" includes family members or BASF employees who need not have knowledge of the respective project or process for their work.
Knowledge of such projects or processes that, if disclosed, could affect the stock market price of securities, especially the BASF share, is known as insider information. The law prohibits making personal use of such information and/or passing it on to other persons without authorization. Further, it is forbidden to recommend to or persuade in any way whatsoever any other person to purchase or sell securities on the basis of insider information. Examples of insider information can be the intended sale of parts of the company, the planned acquisition of a company, data on earnings or particularly promising research results.
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