Recommendations Concerning the Implementation of the EU Shareholder Rights Directive

Deutsches Aktieninstitut has made proposals concerning the implementation of the EU Shareholder Rights Directive upfront the draft implementing act of the Ministry of Justice in the field of corporate governance. The position recommends the Ministry to make use of the Member State options especially with regard to the non-binding say on pay vote and the approval of related party transactions (RPT) by the supervisory board instead of the general meeting. Deutsches Aktieninstitut also calls for high thresholds for the application of the RPT-regime and exemptions for transactions entered into in the ordinary course of business and within corporate groups.