Industry associations ask for postponement of EU Shareholder Rights Directive II

Joint Associations’ Letter to EC on the Impact of COVID-19 to SRD II Implementation

On the 9th April 2020, and working in collaboration with AFME, AFTI, AGC, ASSOSIM, EACB, EBF, ECSDA, EI, ESBG, & SMPG, ISLA submitted a joint letter to the European Commission (EC) regarding the implementation of the Shareholders Rights Directive II, which aims to ensure deeper shareholder engagement & corporate governance in EU markets.

The joint letter highlights where implementation efforts were challenged prior to the global COVID-19 crisis, but that the pandemic will further strain the industry’s capacity to implement the directive, and its Implementing Regulation (IR) prior to the September 2020 deadline.

The full letter may be found at https://www.isla.co.uk/regulation-and-policy/environmental-social-governance-esg/governance-shareholder-rights/#isla-submitted-documents

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