<i>'The Shareholder Rights Directive II has Europeanised important aspects of corporate governance, including reporting requirements of institutional investors, executive compensation, and related-party transactions. This book provides the most comprehensive and detailed analysis of the Directive to date. It will serve well anyone interested in the policies underlying the Directive, its interpretation, and its historical genesis.'</i>

- Martin Gelter, Fordham University, US,

<i>'Shareholders are vital to European corporate governance, but they can only deliver with an appropriate legal framework. This Commentary is a must-read for anyone interested in corporate governance and the role of shareholders in ensuring sustainable corporate growth. It provides the first in-depth authoritative analysis of the new provisions of the SRD II and on their impact on different European legal traditions. An invaluable guidance based on a comprehensive and systematic reading of the revised regulatory framework.'</i>

- Carmine Di Noia, CONSOB, Italy,

<i>'A valuable and insightful book on the interpretation of shareholder engagement and accountability roles in the Shareholder Rights Directive 2017. The expert authors provide detailed and critical analyses which raise important questions about the clarity and effectiveness of the provisions.'</i>

- Iris H-Y Chiu, University College London, UK,

This Commentary is the first comprehensive work to analyse the revised EU Shareholder Rights Directive (SRD II). SRD II sets a new agenda for engaged shareholders and sustainable companies in the EU, sparking a wider debate on the adoption of duties in company and capital markets law. By providing a systematic and thorough framework for analysis, this Commentary evaluates the purpose and aims of SRD II and further enriches the debate on the usefulness of the EU’s drive to encourage long-term shareholder engagement.Key features include: article-by-article analysis of each of the provisions as adopted in the revised SRD IIcontribution to the ongoing discussions on shareholder rights and duties anticipated to be at the centre of debate for years to comedetailed explanation by leading scholars in the field to ensure complete understanding of each SRD II provision for the readerexploration of the two pillars of shareholder engagement: the facilitation of shareholder rights and improved communication to bridge procedural gaps and implementation of transparency obligations applicable to companies, investors and service providers.This Commentary will be a key resource for legal practitioners, legislators, scholars and students alike, working in the fields of corporate governance, alternative dispute resolution and financial law.
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Contents: PART I INTRODUCTION 1. SRD II: Political ambitions and regulatory rationales 2 Hanne S. Birkmose and Konstantinos Sergakis 2. Articles 1 and 2: Scope and definitions 18 Marina B. Madsen PART II IDENTIFICATION OF SHAREHOLDERS, TRANSMISSION OF INFORMATION AND FACILITATION OF EXERCISE OF SHAREHOLDER RIGHTS 3. Article 3a: Identification of shareholders 42 Matteo Gargantini 4. Article 3b: Transmission of information 74 Corrado Malberti 5. Article 3c–3f: Facilitation of the exercise of shareholder rights 104 Alessio Bartolacelli PART III TRANSPARENCY OF INSTITUTIONAL INVESTORS, ASSET MANAGERS AND PROXY ADVISORS 6. Article 3g: Engagement policy 143 Hanne S. Birkmose 7. Article 3h: Investment strategy of institutional investors and arrangements with asset managers 164 Hanne S. Birkmose 8. Article 3i: Transparency of asset managers 187 Suren Gomtsian 9. Article 3j: Transparency of proxy advisors 219 Julia Anna Mayer and Ulrich Torggler 10. Article 3k: Review 246 Hanne S. Birkmose PART IV REMUNERATION OF DIRECTORS 11. Article 9a and 9b: Say on pay 250 Anne Lafarre and Christoph Van der Elst PART V TRANSPARENCY AND APPROVAL OF RELATED PARTY TRANSACTIONS 12. Article 9c: Transparency and approval of related party transactions 286 Marcello Bianchi and Mateja Milicˇ PART VI PENALTIES 13. Article 14a and 14b: Enforcement of SRD II provisions 320 Alessio Bartolacelli, Marcello Bianchi, Hanne S. Birkmose, Matteo Gargantini, Suren Gomtsian, Anne Lafarre, Corrado Malberti, Julia Anna Mayer, Mateja Milic, Konstantinos Sergakis, Ulrich Torggler and Christoph Van der Elst Index 351
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Produktdetaljer

ISBN
9781839101229
Publisert
2021-04-27
Utgiver
Vendor
Edward Elgar Publishing Ltd
Høyde
244 mm
Bredde
169 mm
Aldersnivå
P, 06
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
400

Biographical note

Edited by Hanne S. Birkmose, Department of Law, University of Southern Denmark and Konstantinos Sergakis, Professor, School of Law, University of Glasgow, UK