The European Commission has called for public comments on shareholders rights by December 16 in connection with a proposal to ensure shareholders have adequate rights of control over managements.
The European Commission is considering whether a directive is needed to ensure that shareholders enjoy adequate rights of control and influence over management and that they have easy access to sufficient information for the exercise of those rights in a meaningful way. Before proceeding further, the Commission is anxious to hear the views of those potentially affected and has therefore launched a public consultation. The consultation paper with the details is available from
http://europa.eu.int/comm/internal_market//company/shareholders/index_en.htm
E-mail responses are requested by December 16.
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