Public consultation on minimum requirements in the transmission of information for the exercise of shareholders rights

Morrow Sodali has welcomed the opportunity to share our views on the Implementing Regulation on shareholder identification, the transmission of information and the facilitation of the exercise of shareholders rights, published by the European Commission on 11 April 2018.

Morrow Sodali is a global consultancy providing comprehensive governance and shareholder services to corporate clients around the world. Our knowledge of the issues covered by the implementing regulation is rooted in the nature and scope of the services we provide in the course of our work with more than 700 listed companies operating in 40 different markets.

Morrow Sodali's comments reflect the insights we gain from working not only with EU companies but with companies based outside the EU. In addition, we engage regularly on behalf of our clients with stakeholders whose interests are affected both directly and indirectly by the Commission’s regulations. These stakeholders include: institutional investors, both local and global; shareholder organizations and membership groups; proxy advisors; activists; NGOs and special interest advocates; and other constituents whose engagements with companies utilize regulated channels of communication and share voting.

Finally, our comments reflect our firm’s uniquely global structure and the range of advisory and transactional services we provide to companies and boards of directors in their dealings with these diverse entities.