Professional paper
https://doi.org/10.25234/pv/8628
DIRECTIVE (EU) 2017/828 AMENDING DIRECTIVE 2007/36/EC AS REGARDS THE ENCOURAGEMENT OF LONG-TERM SHAREHOLDER ENGAGEMENT AND ITS IMPLEMENTATION IN CROATIAN COMPANY LAW
Dionis Jurić
orcid.org/0000-0001-7725-7531
; Faculty of Law, University of Rijeka, Hahlić 6, 51000 Rijeka, Republic of Croatia
Abstract
In April 2019 the Croatian Companies Act was amended and harmonized with provisions of the Directive (EU) 2017/828 amending Directive 2007/36/EC as regards the encouragement of long-term shareholder engagement. These amendments introduce new regulatory requi- rements for listed companies with aim to encourage shareholders to exercise their rights on general meetings, especially when their shares are held by intermediaries. Institutional in- vestors, asset managers and proxy advisors must publicly disclose information about their investment strategies, their engagement policy and the implementation thereof. Shareholders are included in establishment of the remuneration policy for directors of listed companies and adoption of the annual remuneration report. Related party transactions must be approved by the administrative or supervisory body of the listed company and they must be publicly anno- unced on the website of the company.
Keywords
Directive (EU) 2017/828; Companies Act; listed companies; corporate governance; Republic of Croatia
Hrčak ID:
231516
URI
Publication date:
31.12.2019.
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