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European Investors comments on changes to the UK Takeover Code

European Investors submitted its comments on the Public Consultation Paper of the Code Committee of the Takeover Panel with regard to statements of intention and related matters. The Takeover Panel is the independent body responsible for issuing and administering the Takeover Code in the United Kingdom. The consultation seeked views on important reforms to the way takeovers operate in the UK. C...
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European Investors welcomes changes in the new Prospectus Regulation

European Investors’ Association (EIA) welcomes the changes in the new Prospectus Regulation. In our response on the public consultation of the European Securities and Markets Authority (ESMA), we stressed the importance of ensuring that the overarching goals of the regulation are well reflected and developed in Level 2. The objective of the Prospectus Regulation is twofold: making accession to ...
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VEB endorses the EC-recommendation for an opt-in model for collective redress

The Dutch Investors’ Association VEB has, also on behalf of European Investors’ Association, submitted its response on the European Commission’s call for evidence on Collective Redress arrangements throughout the EU. VEB prides itself on being the leading Dutch collective redress organisation. It is widely reputed for successfully upholding investor rights through either litigation or settlemen...
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“Audit reality”

5 April 2017 - Speech by Paul M. Koster, Chairman of European Investors and Chief Executive of the Dutch Investors' Association VEB, at the IFIAR Tokyo Plenary Week: Today, ladies and gentlemen, I like to talk about audit quality and audit quality, in particular, in relation to shareholders, a group that I represent. Regulators over the last decade have greatly impacted the discussion about aud...
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European Investors expresses strong support for FSB’s recommendations on climate-related financial disclosures

15 February 2017 – On 14 December 2017, the Task force on Climate-related financial disclosures (TCFD), set up by Financial Stability Board (FSB), published an important report outlining its recommendations for disclosures on the financial impact on climate change. These recommendations aim to make such disclosures more decision-useful and consistent, an objective strongly support by European Inve...
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BTs accounting scandal: Will auditors (again) go unpunished?

9 Februari 2017 - Accounting scandals at listed firms often turn out to be much bigger than initially expected, investors know better than anyone. Last month, BT - formerly British Telecom –announced it had to take a write down of £530m, more than three times the expected amount. In the fall of 2016, through a whistleblower, BT first discovered “inappropriate behaviour” at its Italian branch. Dub...
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European Investors concerned about new target market rules

13 January 2017 - As of 3 January 2018, distributors of investment products will be required to define a target market for each of the products they include in their product assortment and intend to recommend to their clients. This target market should describe for whom a particular product is intended. In principle, European Investors is very supportive of the new product governance rules introd...
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European Investors alarmed over Financial Transaction Tax

6 January 2017 - The European Investors’ Association has noted with great concern that ten EU Member States are pushing ahead with their enhanced cooperation in the area of the Financial Transaction Tax (FTT). Introduction of a FTT would burden investors in Europe with the negative effects of a tax which is unjust, counterproductive and therefore utterly unacceptable. The participating countries ...
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German CG Code calls for close dialogue between investors and the Supervisory Board

21 December 2016 - European Investors generally welcomes the proposed amendments to the German Corporate Governance Code. In our response to the consultation, we support the lean and transparent character of the Code, its emphasis on sustainable value creation and especially its unique recommendation on shareholder engagement which encourages regular dialogue between investors and the Chairman of ...
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European Investors calls for enhanced disclosure on the impact of climate change

19 December 2016 - In the run up to the 2017 Annual General Meeting season, the European Investors’ Association has identified a number of key areas to which it would like to see more attention given by listed companies in the coming year. These key areas have been communicated to the Eurostoxx 50 companies. Climate change The Paris Agreement will have a serious impact on almost every listed com...
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