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Multiple Voting Shares Directive

26 October 2023 | Policy Position
Members of the Board

EFAMA appreciates the European Commission's efforts to bolster the Capital Markets Union and increase the appeal and competitiveness of public capital markets. However, the investment industry wishes to highlight some concerns concerning this Directive. Against this backdrop, it is important to note that the European Union has recently enhanced its corporate governance and shareholders’ engagement practices to fortify financial market stability, uphold capital market integrity and safeguard investors’ interests. Therefore, it is of the utmost importance to consider the following aspects when regulating multiple-vote share structures.

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