EU plans law to aid cross-border investors

The European Commission will propose on 10 January 2005 minimum standards to make it easier for share holders in listed companies to exercise their rights cross border. This will mean that shareholders, no matter where they reside in the EU, have timely access to information and simple means to exercise their rights. Two public consultations were launched in September 2004 and May 2005. Responses to both supported the introduction of minimum standards at EU level for the organisation of general meetings and the exercise of shareholders rights.

European Commission: DG Internal Market: Company law and corporate governance: Shareholders' rights http://ec.europa.eu/comm/internal_market/company/shareholders/index_en.htm

European Commission: Press Release: IP/06/10, Corporate governance: Commission proposals to make it easier for shareholders to exercise their rights within the EU, 10.1.06 http://europa.eu/rapid/pressReleasesAction.do?reference=IP/06/10&format=HTML&aged=0&language=EN&guiLanguage=en

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