In a strong signal about the importance of fostering sustainable and transparent companies, the European Parliament’s Committee on Legal Affairs (JURI) approved, in May, a number of revisions to the shareholder rights directive that aim to enhance the role of long-term shareholders in corporate governance. The changes include the introduction of’say on pay’ (with employees having the right to express a view) incentives to hold shares for more than two years and country-by-country reporting.

Shareholders do not own…