asked Her Majesty’s Government:
What steps they will take to promote shareholders’ rights and democracy within the European Union, in particular the principle of “one share, one vote”; and what further steps they will take to protect non-resident shareholders who hold European equity in a member state in which they are not resident. [HL7157]
The European Commission has consulted on the possibility of action on shareholder democracy in its current review of its May 2003 company law and corporate governance action plan. The Government have supported the proposal for a full study into the issue of “one share, one vote”.