Response to European Commission consultation on shareholders' rights
The London Stock Exchange has responded to the European Commission's consultation on shareholders' rights. The Exchange has welcomed this initiative to ensure an appropriate regime for shareholders' rights but has urged the Commission to conduct a thorough impact analysis and minimise unnecessary costs to issuers. In particular we have urged the Commission to accommodate existing national practices where these do not conflict with the objectives of the legislative proposal and to avoid mandating specific mechanisms that would require wholesale changes to national company law."