The Commission is to legislate to improve shareholder participation in the running of European companies in which they invest outside their own member state.
Background:
A new Commission proposal released on 10 January 2006 is aimed at encouraging cross-border shareholder involvement by increasing safeguards on voting rights and making voting easier.
Investment in companies based outside the shareholder's home nation is increasing in the EU and, as it promotes the single market ethos, this is a development to be fostered. At present, however, passive shareholding is a problem as difficulties arise for such shareholders in getting information about and attending company meetings to cast their votes.
See full Press Release.
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