Turning the Page
Taking Greek corporate governance to the next level
The revised Shareholder Rights Directive (SRD II), which came into effect across the EU in June 2019, aims to encourage long-term engagement of EU listed companies’ shareholders. As Greece is exiting the crisis, the conditions are ripe for further foreign investment. Greek companies must therefore provide better protection for shareholders through improved governance practices. This will not only be instrumental to the recovery of the economy but will also enable access to funding, higher valuations and better corporate performance.
The main issues covered during this event included informing Greek issuers about the new rules and effects under SRD II and provided tangible feedback on investor sentiment and voting behaviour. International institutions and proxy advisors offered first-hand insight on how issuers can enhance engagement with investors at both management and board level.