Ireland update: Revised Shareholder Rights Directive comes into effect

The European Union (Shareholders’ Rights) Regulations 2020 have transposed the second Shareholders’ Rights Directive (EU) 2017/828 (“SRD II”) into Irish law with effect from 30 March 2020. SRD II amends the earlier Shareholders Rights Directive 2007/36 the provisions of which were replicated in the Companies Act 2014 and the Regulations will further amend and supplement Part 17 of the Act.

SRD II aims to bolster shareholder involvement in the corporate governance of public companies which have a registered office in the EU and are listed on EU regulated markets.

 

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