Informal agreement between the Council and the Parliament on a draft directive concerning long-term shareholder engagement

The Council of the European Union and the European Parliament reached on 9 December 2016 an informal agreement regarding the a draft proposal to strengthen shareholders engagement in big European companies.

The agreed text was set to encourage transparent and active engagement by shareholders of listed companies through a revision of the existing Shareholders' Rights Directive (2007/36/EC).

The proposal was released by the European Commission in April 2014 and the Parliament adopted its negotiating position in July 2015.

• Primary Source

European Parliament: Press Release, 09.12.16: More shareholder say on directors’ pay: MEPs’ deal with Council and Commission http://www.europarl.europa.eu/news/en/news-room/20161209IPR55541/more-shareholder-say-on-directors%E2%80%99-pay-meps%E2%80%99-deal-with-council-and-commission

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