Investor Group Asks EU For Shareholder Democracy

Law360, New York (July 9, 2007, 12:00 AM EDT) -- An international shareholder group has called on the European Union to increase shareholder democracy in Europe by adopting a “one share, one vote” policy.

At its annual meeting, which opened on Wednesday, the International Corporate Governance Network asked the European Commission to require more transparency from companies where certain classes of shares allow holders multiple votes.

ICGN members also showed overwhelming support for the “one share, one vote” policy, with 86% of those attending the conference voting in favor of such a system.

“The European Commission...
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