On 4 October 2019, a Belgian legislative proposal implementing
the Shareholders' Rights Directive II (SRDII)1, was
submitted to the Chamber of Representatives. This EU directive aims
to encourage long term shareholder engagement in companies and
amends the previous Shareholders' Rights Directive (SRD) which
came into force in June 2007.
This newsletter outlines the scope of and the new rules
introduced by the SRDII, as well as the Belgian legislative
proposal implementing it.
The Scope and key dates
The SRDII's main objectives are to encourage the long-term
engagement of shareholders in listed companies, reinforce
shareholders' rights and increase the transparency of
institutional investors, asset managers and proxy advisors.
