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Corporate Governance Reform in the European Union

by AppliedCG

Does the European Commission know what it is doing about Corporate Governance? We look at corporate governance reform in the European Union following the global financial crisis

Developments in corporate governance in the Commission

In 2005 the Commission set about, in its own words, “modernising company law and enhancing corporate governance in the European Union” to improve the rights of shareholders of companies across the Member States. In June 2007 it adopted a Directive on Shareholders’ Rights which had to be implemented in member states by summer 2009, whose purpose was to “ensure in particular that shareholders have timely access to the complete information relevant to general meetings and facilitate(s) the exercise of voting rights by proxy”.  Additionally, it attempted to tackle the issue of…

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