The right to vote at a general meeting is a fundamental shareholder right. Individual shareholders should have the opportunity to exercise their voting rights and take responsibilities as owners of listed companies also across borders. Despite the adoption of the Shareholder Rights Directive and the best practice standards developed and endorsed by the industry, there
El derecho de voto en una asamblea general es un derecho fundamental del accionista. Los accionistas privados deberàan tener la oportunidad de ejercer su derecho al voto y asumir responsabilidades como propietarios de empresas que cotizan también mà¡s allà¡ de las fronteras. A pesar de la adopcià³n de la Directiva sobre Derechos de los Accionistas
According to the final text, inducements can be freely placed from providers to financial advisers. Certain inducements will not even have to be disclosed to the client anymore, as long as “they enable the provision of the service and they do not give rise to conflict with the firm’s duties to act honestly, fairly and
EuroFinuse strongly opposes the weakening of this key reform by the European Parliament’s Draft Report on the proposed Regulation and Directive published on 4 September. Regulatory interventions are crucial to restore confidence in the audit market. EuroFinuse therefore mainly advocates for: ”¢ Mandatory tendering every 5 years; ”¢ Mandatory rotation every 15 years; ”¢ Inclusion
The General Assembly meetings of EuroFinuse and Euroshareholders held on 21.09.2012 in Ljubljana, together with the “EuroFinuse International Conference on Financial Education”, hosted by VZMD , have agreed to merge EuroFinuse, the European Federation of Financial Services Users with Euroshareholders, the umbrella organization of national shareholder associations across Europe, to provide adequate representation of all
EuroFinuse welcomes the consultation from ESMA on technical advice on acts concerning the Prospectus Directive. However, this is a very specific consultation concentrating on very legal matters. We would like ESMA to focus also on other key disclosure issues raised by the implementation of the Prospectus Directive and Regulation, in particular the very poor quality
We would like to answer specifically to the following questions raised by ESMA: What should be the parameter of supervision, where a financial conglomerate is supervised on a group wide basis? Should Institutions for Occupational Retirement Provision (IORPs) be included as part of a financial conglomerate? We support the First Recommendation of the European Supervisory
We believe that the current economic damages endured by shareholders of European listed banks with good audit reports challenges the proper functioning of the audit markets in Europe. This would have profound implications for both the European financial industry and any kind of audited company in Europe. Therefore, we generally support the initial Proposal for
We believe that the appropriate selection of the members of management boards as one of the key principles of corporate governance. This issue has profound implications for shareholders, consumers, and taxpayers as well as the stability of the European financial system. Bailed out banks were in most cases directly linked to the bad governance of
CFA Institute, EuroFinuse,FECIF, EFAMA, and AILO,welcome the focus of the European Commission on investor protection through the publication this week of three pieces of legislation: the Packaged Retail Investment Products (PRIPs) regulation, the revised Insurance Mediation Directive (IMD) and the Undertakings for Collective Investments in Transferrable Securities V (UCITS)Directive. These are essential in addressing crucial