Shareholder Rights Directive (SRD)
This Directive establishes minimum standards for the exercise of voting rights by shareholders of listed companies, in order to remove obstacles to cross-border voting, ensure that shareholders can exercise their voting rights effectively and support the smooth functioning of corporate governance in the EU. It governs shareholders' rights to participate in general meetings, to vote, to vote by proxy, to vote by correspondence and to participate electronically, and applies to listed companies that have their registered office in a Member State and whose shares are admitted to trading on a regulated market.
Timeline
- 3 Aug 2007Entry into force
- 3 Aug 2009Deadline for issuing general meeting convocations
Key facts
- Reference
- Directive 2007/36/EC
- Adopted
- 11 Jul 2007
- Published
- 14 Jul 2007
- Status
- In force
- Amendments
- Amended several times (SRD II, SRD III, etc.)
- Topic
- ESG & Governance
- Industries
- Cross-sector, Financial Services
Main compliance requirements
Paid members only
The main compliance requirements, applicability questions and penalties are available in the ZC Smart Compliance Hub. Paid members and clients can sign in to the Hub to view them.
Related legislation
- Builds on Directive 2001/34/EC (Directive of 28 May 2001 on the admission of securities to official stock exchange listing and on information to be published on those securities) and Directive 2004/109/EC (Directive of 15 December 2004 on transparency requirements for listed companies)
- related legislation includes Council Directive 85/611/EEC (Directive of 20 December 1985 on the coordination of undertakings for collective investment in transferable securities (UCITS)) and Directive 2004/39/EC (Directive of 21 April 2004 on markets in financial instruments).
Official sources
Directive 2007/36/EC on the exercise of certain rights of shareholders in listed companies