European Commission proposes to strengthen shareholder engagement and introduce a "say on pay" for Europe’s largest companies
The European Commission has today adopted a package of measures to improve the corporate governance of around 10 000 companies listed on Europe’s stock exchanges. The package includes: a proposal to revise the existing Shareholder Rights Directive which will encourage shareholders to be more involved in the companies they invest in and to take a longer-term perspective into account; a recommendation to improve corporate governance reporting by listed companies; and a proposal for a directive on single-member companies which will help entrepreneurs reduce costs and organise activities abroad.
Revision of the Shareholder Rights Directive
Commission Recommendation on the quality of corporate governance reporting
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- Text of the Commission Recommendation on the quality of corporate governance reporting