Overview

Record date, electronic vote, tools to map and identify the shareholders, a new regime of proxy voting and increased dividends for long-term investors are among the principal changes introduced by Legislative Decree No. 27 of January 27 2010, implementing EU Directive 2007/36/EC of July 11 2007 on the exercise of certain rights of shareholders in listed companies.

While the Legislative Decree entered into force on March 20 2010, the new rules relating to the shareholders meeting will only apply from October 2010 onwards.

This bulletin by Shearman & Sterling provides an overview of these and other notable developments affecting the European corporate sector.

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