shareholder rights directive Archives

Countries drag their feet over Shareholder Rights Directive transposition

The European Commission has published a table detailing implementation of the Shareholder Rights Directive by the 27 member states (along with other directives). Member states were required to bring into force the laws, regulations and administrative provisions necessary to comply with the Shareholder Rights Directive by 3 August 2009 at the latest. Eleven member states […]

Italian proxy system “backward” and “third world” says shareholders

Although the EU Shareholder Rights Directive was meant to have been fully implemented by 3 August 2009 at the latest, Italy is only just now mulling over shareholder responses to its the second consultation which was launched on 24 July 2009 and closed on 18 September 2009. Over 20 consultation responses have been published, with […]

UK Government implements Shareholders’ Rights Directive

The Department for Business, Innovation and Skills has this week announced The Companies (Shareholders’ Rights) Regulations 2009 (to come into force on August 3rd), signalling completion of the final legislative stage of the European Shareholders’ Rights Directive. The Directive began life as a proposal and consultation by the European Commission back in 2004 and had […]

Implementation of Shareholder Rights Directive

United Kingdom The Department for Business, Enterprise & Regulatory Reform has published a revised draft of the regulations to implement the Shareholder Rights Directive. Please send any final comments on the revised draft regulations to Kate Gillies (kate.gillies@berr.gsi.gov.uk) by Friday 29 May. Ireland The Department of Enterprise, Trade and Employment has published the Draft Shareholders Rights […]

Finland proposes Shareholder Rights Directive changes

Voting at Finnish companies is set to get a whole lot easier following an announcement from the Finnish government which will see Finnish company law brought into line with the EU Shareholder Rights Directive. Now that the contents of the Bill have been decided and presented to parliament, the aim is to bring the amendments […]

EGMs on 14 Days Notice – Dissent at Capital & Regional

With the United Kingdom due to implement the EU Shareholder Rights Directive by 3 August 2009, many companies have included on their AGM agendas a resolution to allow them to continue to hold EGMs on 14 days notice, as currently permitted. The Companies Act 2006 enables listed companies to call a general meeting (other than […]