In July, the so-called Shareholder’ Rights Directive was implemented in Austria. The directive aims at improving the engagement of shareholders and the exercise of their rights. Shareholders can engage in the remuneration of executives (“say – on – pay”) and in transactions with related parties (“related – party – transactions”). Shareholders must further be identified (“know – your – shareholder”) by so called intermediaries (investment firms, credit institutions, depositary service providers).
9. August 2019