Charlie McCreevy, the European Union's internal market commissioner, will seek to eliminate discriminatory treatment of shareholders by introducing the principle of "one share, one vote" across the EU.
The effort would be the most radical project to date by the Commission in the field of corporate governance, and directly challenge some of Europe's biggest and most powerful companies. More than a third of Europe's 300 biggest companies, including BP, British Airways, Carrefour, Volkswagen and Total issue priority shares and stock with multiple voting rights, or impose ownership ceilings and similar measures.
"It is my goal to get the one-share, one-vote principle accepted across the 25 member states," Mr McCreevy told the Financial Times in an interview.
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