Category: Virtual AGMs

Draft law on virtual Annual General Meetings restricts shareholders’ rights

  • Restricted right to speak and ask questions would create second-class shareholder meetings
  • Investors warn of negative consequences for shareholder engagement and fewer opportunities to exert influence for more sustainable business practices
  • Detailed statement with proposals for strengthening shareholder rights submitted

Berlin, Frankfurt am Main, Florence. The Association of Ethical Shareholders Germany, Shareholders for Change (SfC) and CRIC, an association promoting ethics and sustainability in investment, view the draft law of the Federal Ministry of Justice on virtual general meetings with concern. The three networks, which represent institutional investors and small shareholders, criticise the planned far-reaching restrictions on the right to speak and ask questions as counterproductive for a lively culture of debate. Weiterlesen

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