EU Shareholders’ Rights Directive – Public consultation

 

The European Commission opened a public consultation for its new draft proposal of minimum requirements implementing the provisions of the Shareholders’ Right Directive (Directive 2007/36/EC).

 

The proposal will not change the content of the directive, but it will establish the operational reporting procedure, among other things, for request to disclose information regarding shareholder identity and response to a request to disclose information regarding shareholder identity.

 

You can read the draft proposal and the related annex, and leave your feedback on the Commission’s draft proposal here. The deadline to submit your feedback is Wednesday 9 May 2018.

 

BACKGROUND

Last year, the European Union reviewed the Shareholders’ Rights Directive (2007/36/EC) to strengthen shareholders' engagement in big European companies.

The revised Directive establishes specific requirements which applies to:

  • remuneration of directors
  • identification of shareholders
  • facilitation of exercise of shareholders rights
  • transmission of information
  • transparency for institutional investors, asset managers and proxy advisors
  • related party transactions

The clock has started ticking on individual member countries’ translation of the revised directive. The first tranche of measures, as adopted by the European Council, are set to be implemented into national law by member states by June 2019.

 

More information

LikeLike (0) | Facebook Twitter LinkedIn
EU Update
European Parliament’s final vote on energy performance of buildings directive
European Parliament adopts new laws to prevent waste and boost recycling
A simplified prospectus for companies and investors in Europe – Public consultation
EU Shareholders’ Rights Directive – Public consultation
Consumer financial services: Commission study identifies remaining hurdles
New EU campaign to protect workers from dangerous chemicals
Upcoming EU events
Corporate Member News
ArcelorMittal named Steel Sustainability Champion
L’Oréal has published its 2017 Progress Report
Generali approves the 2017 Annual Integrated Report
BASF drives sustainable palm with major portfolio switch
McCain Foods makes significant strategic investment in vertical farming
We4Youth, the alternating school-work “compass”
National Partner News and Events
National EU Talent workshop organised by RBF Poland
Forética holds Give and Gain programme for the eighth time in Spain