Luxembourg transposed Directive (EU) 2017/828 of 17 May 2017 (“SRD II”) into national law on 1 August 2019, effective 24 August 2019. The key objective of SRD II is the encouragement of effective, sustainable and long-term shareholder engagement in listed companies and to tackle shortcomings of the first shareholders’ rights directive.The new rules impact listed companies, intermediaries, institutional investors, asset managers and proxy advisors. Listed companies face new obligations in relation to shareholder identification, proxy voting, directors’ remuneration and related party transactions.
Please inform yourself in our new GSK Update.
