asked Her Majesty’s Government:
What is their response to the European Commission’s draft directive published on 10 January, which is intended to encourage cross-border shareholder involvement by increasing safeguards on voting rights and facilitating voting. [HL7159]
The Government support the Commission’s proposal for a directive on shareholder rights, which is currently before the Council and Parliament.
The Government believe that the proposal should be framed in a way that facilitates the exercise of voting rights across borders while offering practical solutions that do not impose unnecessary burdens on shareholders, companies and those who act for them.