Glass Lewis, ISS, Manifest, Proxinvest and Pirc agree to abide by new principles that sees them reveal policies for managing potential conflicts of interest.
Comment: The EU’s revised Shareholder Rights Directive comes into force this week. But while some investment managers are embracing the opportunity to engage boards on ESG issues, others appear to be hoping they will go away.
All parties in the shareholder communication chain need to prepare for the enhanced requirements of the new Shareholder Rights Directive—and try to influence its local implementation to encourage a harmonised approach. Broadridge’s Demi Derem and Elizabeth Maiellano highlight the key changes and challenges.
An amendment to the EU Shareholder Rights Directive aims to encourage effective and sustainable shareholder engagement in listed companies in EU member states.