03
Apr
The Council today adopted a directive aimed at strengthening shareholders' engagement in big European companies.
The directive will encourage transparent and active engagement by shareholders of listed companies by reviewing the current Shareholders' Rights Directive (2007/36/EC).
The financial crisis revealed that shareholders in many cases supported managers' excessive short-term risk taking. The revised directive is intended to redress this situation and contribute to the sustainability of companies, which will result in growth and job creation.
The new directive establishes specific requirements in...