Since 2012, BETTER FINANCE is the successor organisation to Euroshareholders, created in 1992 in Brussels to federate the associations of small shareholders throughout Europe.

The protection of the interests of individual shareholders are at the core of the mission of BETTER FINANCE. Individual shareownership of the European economy is very important to ensure an effective and long term financing of the real economy, as well as to improve the corporate governance of listed companies in Europe.Indeed, individual shareholders are mostly by nature long term investors and end-investors: they do bear the risks and rewards of share ownership contrary to “agency” ownership. They can also be “engaged” shareholders provided the exercise and enforcement of their rights are really there.

Unfortunately, financial EU policies have not been favorable overall to the development of individual share ownership in the EU despite the enactment of the EU Shareholders Rights Directive in 2007. As a result, the number of individual shareholders and their share of the EU listed EU companies capital has been going down during the last decades, to the benefit of “agency” ownership: investors who do not bear the risks and rewards of share ownership like investment funds. These agency owners have mostly a much shorter time horizon as demonstrated by their portfolio turnover rates, and charge fees to the beneficial owners.

BETTER FINANCE advocates for a stronger protection of individual shareholders rights.

Barriers to Shareholder Engagement 2.0 | SRD II Implementation Study

The general meeting is the cornerstone of shareholder democracy. It is not only where voting on major company decisions takes ...

Shareholder Rights Directive II fails to deliver for European cross-border shareholders

To ensure sustainable development and a brighter future, shareholder engagement must be given a chance! Despite the entry into force ...

BETTER FINANCE response to ESMA’s Call for Evidence on Retail Investor Protection Topics

BETTER FINANCE welcomes this call for evidence from ESMA on retail investor protection topics but regrets that it is confined ...
/ Press Releases, Other

The Finnish Foundation for Share Promotion and Financial Inclusion Europe join BETTER FINANCE

BETTER FINANCE is pleased to announce the affiliation of two new associate member organisations. The Finnish Foundation for Share Promotion ...
/ News, Other

Opportunity: International Research Fellowship – Rutgers Institute for the Study of Employee Ownership and Profit Sharing

The Rutgers Institute for the Study of Employee Ownership and Profit Sharing opened applications for its 2022-2023 fellowship program: Rutgers ...

VZMD Challenges MERCATOR General Meeting Decision Over Dubious Recapitalization

BETTER FINANCE Member, VZMD (The Pan-Slovenian Shareholders' Association), disputes the decision of MERCATOR General meeting allowing for an (unnecessary) recapitalisation ...
/ Press Releases, Other

PROF. DR RÜDIGER VEIL REAPPOINTED AS CHAIR OF THE BETTER FINANCE SCIENTIFIC COUNCIL

On 29 September the BETTER FINANCE Scientific Council convened to discuss next year’s research programme and elect a chairperson. The ...

Expropriation of Investors in Slovenian Banks ruled a Violation of Property Rights by European Court of Human Rights

BETTER FINANCE, the European Federation of Investors and Financial Services Users, joins its Slovenian Member, the Pan-Slovenian Shareholders' Association (VZMD), ...

AEMEC issues Press Release on the Measures adopted by the Government concerning Electricity Companies

AEMEC, one of the Spanish member organisations of BETTER FINANCE, expresses concerns about the negative impact on individual shareholders of ...
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