Knowledge Network

Eumedion is the forum and source for corporate governance and sustainability.



Eumedion: scope of proxy advsiory code should be narrowed down

The scope of the Best Practice Principles for Providers of Shareholder Voting Research and Analysis (BBP) should be narrowed down to proxy voting advisory services only. The scope of the BBP should be aligned with the scope of the upcoming transparency obligations for proxy advisors under the new Shareholder Rights Directive (SRD), so says Eumedion in its response to the call for evidence of ESMA on the impact of the 2014 introduced BBP.

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Evaluation 2015 proxy season: no real controversies between shareholders and companies

The positive effects of the ongoing dialogue between listed companies and their shareholders are increasingly visible in the voting outcomes of the shareholder meetings (AGMs).  This year, the number of proposals that received more than 20% against votes fell to 18, compared to 36 in 2014 and 46 in 2013. These figures are from today's published Eumedion evaluation report of the 2015 Dutch proxy season.

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Eumedion: revision of Prospectus Directive should not go at the expense of investor protection

The proposed review of the European Prospectus Directive should not go at the expense of an adequate level of investor protection. This is the key message in today's published Eumedion reaction on the European Commission's consultation document on the review of the Prospectus Directive.

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Bring them on!; Public support from investors mounts for bringing leases on-balance

A disclosure only solution for leases is comparable with ordering lasagne, and instead of getting lasagne, you are supposed to be happy with the individual ingredients being served… thanks, but no thanks. Martijn Bos, Eumedion's policy advisor audit & reporting, on the ongoing discussion on lease accounting. read more


Dutch Change of Control Gain Capping Rule Ineffective

More than three years after its submission, the Dutch Senate is still in debate about the so-called Claw Back Bill. This Bill is partly inspired by an excessive acquisition bonus, received by Jan Bennink in 2007. The same Jan Bennink recently demonstrated at D.E Master Blenders 1753 that the purpose of "his Bill" could easily be circumvented. The part of the Bill to prevent excessive acquisition bonuses has thus become pure symbolic politics. According to Eumedion Managing Director Rients Abma it would be better to delete that part or strongly to tighten it (in such a way as the proposed Swiss rules under which all payments related to a successful takeover, merger or acquisition to executives will be prohibited). Ineffective legislation will only lead to more social unrest. read more


ICGN Conference in Madrid

On 2 and 3 March 2015, the International Corporate Governance Networdk (ICGN) will hold its regional conference "Building Corporate Governance Reform for Long Term Sustainable Growth '. Eumedion's executive director Rients Abma will participate in a panel discussion on the operation and application of Stewardship Codes. Click here for more information and registration.