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.

The European Financial Reporting Advisory Group (EFRAG) re-appoints BETTER FINANCE candidate as only Board Member representing Retail Investors

BETTER FINANCE is pleased to announce that Jella Benner-Heinacher, the Deputy Chief Director of the Deutsche Schutzvereinigung für Wertpapierbesitz (DSW) ...

Capital Markets Union at Risk as European “Retail” Investors have less and less access to Equity Market Data

Access to equity market data is essential for “retail” investors to make informed investment decisions. However, new research by BETTER ...

Consumer Access to EU Equity Trade Data

Transparent and consolidated trading venues are the foundation of efficient capital markets for individual investors, small- and medium-sized enterprises (SMEs) ...

BETTER FINANCE Questionnaire on Individual Investors’ experience with the Shareholder Rights Directive II

In September 2020, the Shareholder Rights Directive II (SRD II) came into effect, meaning that, in theory, shareholders should now ...

BETTER FINANCE further strengthens the voice of Financial Users in EU and International Public Financial Advisory Groups.

BETTER FINANCE is pleased to announce that, also in 2021, it is well-positioned to remain the leader in providing high-level ...

BETTER FINANCE feedback to the European Commission’s Proposal for a Common Digital Plan – Europe’s Digital Decade – 2030 Digital Targets

The Covid-19 crisis showed how digitalization can play a useful role for consumers and businesses. However, digitalization and new emerging ...

GameStop Case Highlights Discrimination of “Retail” Investors in Stock Markets

In January, the market value of American video game and electronics retailer GameStop, driven by an “army” of “retail” investors[1], ...
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Spanish lawyer José F. Estévez appointed in Paris as member of the Advisory Committee of the European Securities and Markets Authority (ESMA)

16 February 2021 - José F. Estévez, Managing Partner of CREMADES & CALVO-SOTELO ABOGADOS, has been appointed as a member ...

European Financial Users further increase Participation in European Financial Policymaking

BETTER FINANCE is happy to announce that The European Banking Authority’s Banking Stakeholder Group (BSG) selected one of its previous ...
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