On 7 May 2015, the European Parliament Legal Affairs Committee approved draft revisions to the Shareholder Rights Directive (2007/36/EC) in order to strengthen transparency with regard to the engagement policies of institutional investors and asset managers, the remuneration for directors of listed companies, and the tax strategies of large and listed companies. The revisions include:
- A clause enabling shareholders to vote at least once every three years on a company’s remuneration policy fo…