The Shareholdersā Rights Directive will be introduced into UK law in August 2009. According to the Department for Business Enterprise and Regulatory Reform (āBERRā), which is responsible for implementing the Directive, the aim is to: āimprove corporate governance in EU companies traded on regulated markets by enabling shareholders to exercise their voting rights and rights to information across bordersā.
Many of the provisions in the Directive are already in force in the UK, through the existing legal and governance framework. BERR is currently consulting on the following changes which, when agreed, will be implemented through amendments to the Companies Act 2006:
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