On 9 June 2017 a new EU directive entered into force (2017/828/EU). The Directive amends the existing Shareholders Rights Directive (2007/36/EU). The European Commission aims through the amended Directive to encourage effective and sustainable shareholder engagement in listed companies. The amended Directive will need to be implemented in Member States by 10 June 2019.
Click here for our previous corporate update on the Shareholders Rights Directive, discussing the main elements of the new legislation.