A public consultation conducted by the European Commission on amendments to shareholder rights has now closed.
The new law would introduce minimum requirements in the transmission of information for the exercise of shareholders’ rights.
Under a 2007 directive, listed companies have the right to identify their shareholders and require intermediaries to cooperate in that identification process. Shareholders also have the right to effective communication, particularly with regard to the exercise of their shareholder rights.
The regulation aims to prevent the diverging application of the 2007 directive.
The draft law entails applying regulations that enable the commission to set conditions that ensure all national governments implement the law in the same way.
Regulations are adopted after consulting a committee of EU member states and are then directly applicable.
Feedback is published on the commission’s website.
