With our position papers we engage in political debates and expert discussions regarding capital market issues - representing the interests of our members. Each year, numerous and detailed positions cover the various areas of our work: the primary market, the secondary market, the governance of listed companies and the economic education.
Below you will find our position papers which focus on European legislation - mostly in English and partially in German language. All our positions including papers with focus on national topics you will find on our German website.
Shareholder Rights Directive: Deutsches Aktieninstitut's position for the trialogues
The positiov of German listed companies for the trialogues on the Shareholder Rights Directive is summarized in two position papers of Deutsches Aktieninstitut.
In a joint position paper with the Bundesverband der Deutschen Industrie (BDI) Deutsches Aktieninstiutt focusses on the provisions on related party transactions, remuneration and the topic of proxy advisors. Both associations stress that for the German industry it is of major importance that in particular the improvements on related party transactions having been achieved by the Parliament and the Council compared to the initial proposal of the Commission need to be kept in place.
In the second position paper Deutsches Aktieninstitut emphasizes in particular its concerns about the Council’s proposal of a minimum threshold for the identification of shareholders. A threshold would jeopardize the objective of the directive to enhance long-term shareholder engagement and would cause a number of practical problems.
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