E.U. Takes Steps To Strengthen Shareholder Rights

Law360, New York (January 11, 2006, 12:00 AM EST) -- The initiative, introduced in Brussels on January 10, aims to energize the market and empower shareholders with portfolios elsewhere in Europe, who make up one third of the union’s share capital.

“Shareholders need to be able to get relevant information on-time and vote without encountering unnecessary obstacles, wherever they are in the E.U. Otherwise they can't exercise their influence properly and make sure that management is acting in their best interests,” said Internal Market and Services Commissioner Charlie McCreevy.

Specifically, the European Union’s executive body proposed...
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