Press Release: Corporate governance: Commission consults on minimum standards that should apply to shareholders’ rights

The European Commission has launched a public consultation on minimum standards that should apply to shareholders' rights in listed companies - particularly voting rights - in order to remove certain practical and legal obstacles that currently hinder the exercise of these rights in a cross-border context. Responses will be taken into account in a forthcoming proposal for a possible future directive, forming part of the Commission Action Plan on Corporate Governance. The deadline for responses is 15 July 2005.