1.5.2007
News

Directive on shareholders' voting rights adopted at first reading

On 15 February 2007 following an agreement with the Council, the EuropeanParliament adopted the Directive on shareholders’ voting rights at firstreading. The proposal for the Directive was drafted with the intention ofremoving barriers to shareholders’ involvement in listed companies, particularlycross-border, by setting minimum standards. The provisions set out in theDirective include a prohibition on share blocking to prevent shareholders fromtrading shares for a period of time before a general meeting. The minimum noticeperiod of 21 days has been set although a shorter 14-day period forextraordinary general meetings is possible if electronic voting is available.The right to ask questions at general meetings, to add items to the agenda andtable draft resolutions, and to appoint a proxy holder are also dealt with. TheDirective provides that Member States must ensure that companies are notprevented from using methods of electronic participation and voting. The text isto be formally adopted in the coming months and published in the OfficialJournal. Member States shall have two years to implement the Directive intotheir national law.

Other articles

17.4.2025
News

The European Union through the Eyes of Fourth Graders? Fun and Playful!

As part of the Lawyers in Schools project, KŠB attorney Petra Mirovská visited fourth graders at Square Elementary School and introduced them to the topic of the European Union in an interactive way.
9.4.2025
News

KSB Advises on Sale of FK Teplice

KSB’s team led by Ota Mach and Josef Kříž, with partner support from Jan Lasák and further assistance by KSB junior lawyer Ivan Michňa, advised AGC Glass Europe on the sale of first league football team FK Teplice.
7.4.2025
News

KŠB is the official partner of the Smetanova Litomyšl Festival

We are delighted to announce that we have become an official partner of one of the most important cultural projects in the Czech Republic – the Smetanova Litomyšl music festival. With the title “ the law firm of the festival", we are proud to be part of this long-standing social event that blends music with a unique historical setting.