Friday 28 March 2014

Europe: Commission Communication on long-term financing of the European economy

The European Commission published a Communication yesterday on the long-term financing of the European economy: see here (pdf). This contains a section on corporate governance in which the Commission said that it would consider the following proposals:
  • A revision of the Shareholder Rights Directive in order to "to better align long-term interests of institutional investors, asset managers and companies".
  • The introduction of a Recommendation to improve the quality of corporate governance reporting.

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