That's nonsense. Shareholders have an incentive to violate privacy much stronger than any one employee: they can sell their shares to the highest bidder and walk away with 'clean hands' (or so they'll argue) whereas co-op partners violating your privacy would have to do so on their own title with immediate liability for their person.
> Shareholders have an incentive to violate privacy much stronger than any one employee
Exactly what I said. We need lower shareholder interference not more, and in co-operative it's the opposite.
> with immediate liability for their person.
What do you mean?