John Rega of Bloomberg reports, "The European Union proposed to strengthen investor voting rights, especially across borders, to give shareholders more clout in response to scandals including the Parmalat SpA bankruptcy.
The proposal, issued formally by the European Commission in Brussels yesterday after months of public consultations, would abolish voting impediments found in several EU countries.
Obstacles include share-blocking rules, which bar trading ahead of a shareholder vote, and identification requirements that disallow ballots being cast electronically or by proxy."
See full Article.
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