engleski

The Newly Amended Shareholders Rights Directive: Lots of Rights, What About Implementation?

The newly amended Shareholders’ Rights Directive (SRD) after quite a long period of negotiations is on the table. There are lots of issues and requirements addressed by the new SRD in order to encourage shareholder long-term engagement and increase transparency. The SRD contains provisions on shareholders’ rights to vote on remuneration policy identification of shareholders and facilitation of exercise of shareholders rights. The SRD provides rules that foster transmission of information, transparency for institutional investors, asset managers and proxy advisors and related party transactions. The Member States will have up to two years to incorporate new provisions into the national law. The SRD recognizes different models of corporate governance which is a step forward in regulating such important issues. One of the main questions is power of the directive as a legal instrument in enforcing shareholders’ rights in future 27 different national company laws of the Member States. This paper will provide analysis of legal solutions within the SRD and possible shortcomings and problems within the implementation in different company laws and corporate governance models in Member States.

EU Company Law, Shareholders Rights Directive

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