1 / 9

SHAREHOLDERS ’ RIGHTS

SHAREHOLDERS ’ RIGHTS. SHAREHOLDERS ’ RIGHTS. Need for harmonization of SHs rights increase of foreign investments negative consequences problems with cross-border voting and participation in GMS two dangerous potential future developements passivity will increase

caryn-salas
Download Presentation

SHAREHOLDERS ’ RIGHTS

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. SHAREHOLDERS’ RIGHTS др Вук Радовић, LL.M.

  2. SHAREHOLDERS’ RIGHTS • Need for harmonization of SHs rights • increase of foreign investments • negative consequences • problems with cross-border voting and participation in GMS • two dangerous potential future developements • passivity will increase • shift towards domestic investments

  3. SHAREHOLDERS’ RIGHTS • Legislation • SHs rights and other directives and regulations • HLG and Action plan • Fostering an Appropriate Regime for Shareholder‘ Rights • draft in 2006 and adopted in 2007

  4. SHAREHOLDERS’ RIGHTS • Personal scope of application • public companies (quoted companies) • exceptions • investment funds • cooperatives

  5. SHAREHOLDERS’ RIGHTS • Subject matter • Requirements for participation and voting in the GMS • TRANSFER OF SHARES PRIOR TO GMS • RECORD DATE • PROOF OF QUALIFICATION AS A SHAREHOLDER

  6. SHAREHOLDERS’ RIGHTS • Subject matter • Information prior to the GMS • Timely • not later than on the 21th day before the day of the meeting • three exceptions • Complete • minimum content of the convocation • information available on the Internet • Adequatly

  7. SHAREHOLDERS’ RIGHTS • Subject matter • SHs rights in connection with the agenda • Right to put items on the agenda • Right to table draft resolutions for items included or to be included on the agenda • Right to ask questions • every shareholder • condition - relation to items on the agenda • Who has an obligation to answer?

  8. SHAREHOLDERS’ RIGHTS • Subject matter • Voting in absentia • Proxy voting • Voting by correspondence • Voting by electronic means • Voting via financial intermediary

  9. SHAREHOLDERS’ RIGHTS • Subject matter • Voting results • resolution • disclosure • Equal treatment of SHs

More Related