Shareholder Rights Directive: Improving or inhibiting engagement?

Rachel Dalton analyses the debate on whether new rules will help or hinder stewardship

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In February 2014, the European Commission (EC) will publish its proposals for the Internal Market and Services Directorate General's (DG MARKT) revised Shareholder Rights Directive, to be scrutinised by the European Council and Parliament and enter law by 2015 at the earliest.

However, there are fears the directive will place additional burdens on institutional investors and their asset managers, inhibiting portfolio performance.   The proposals The EC proposes...

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