An amendment to the EU Shareholder Rights Directive aims to encourage effective and sustainable shareholder engagement in listed companies in EU member states.
A new EU directive, which aims to encourage effective and sustainable shareholder engagement in listed companies, was given the green light this summer, after changes were agreed by the EU in January. Directive 2017/828/EU amends the existing Shareholder Rights Directive (2007/36/EU), and applies to companies with registered offices in a member state, whose shares are admitted to trading on a regulated market situated or operating within a member state. The amended Directive includes new measures on directors' remuneration, identification of shareholders, facilitation of exercise of shareholder rights, transparency for institutional investors, asset managers and proxy advisers and requirements for related party transactions. Shareh