BETA

11 Amendments of Antonio Maria RINALDI related to 2022/0406(COD)

Amendment 100 #
Proposal for a directive
Article 5 – paragraph 1 – introductory part
1. Member States shall ensure fair and non-discriminatory treatment of shareholders, as well asthat in companies that have adopted a multiple- vote share structure in accordance with this Directive, appropriate safeguards are in place to provide for adequate protection of the interests of the shareholders who do not hold multiple-vote shares and of the company through appropriate safeguards. To that effect, Member States shall do all of the following:
2023/07/11
Committee: ECON
Amendment 102 #
Proposal for a directive
Article 5 – paragraph 1 – point a – subparagraph 1
(a) ensure that a company’s decision to adoptmodify a multiple- - vote share structure and any subsequent decision to modify a multiple- vote share structurein a way that affects the voting rights areof shares, is taken by the general shareholders’ meeting of that company and are approved bymeeting by at least a qualified majority as specified in national law.
2023/07/11
Committee: ECON
Amendment 104 #
Proposal for a directive
Article 5 – paragraph 1 – point a – subparagraph 2
For the purposes of this point, where there are several classes of shares, such decisions shall also be subject to a separate vote forin each class of shareholders whosthe rights of which are affected;. Member States shall also ensure that the multi-vote structure can vary at least in a ratio of one to ten.
2023/07/11
Committee: ECON
Amendment 109 #
Proposal for a directive
Article 5 – paragraph 1 – point b – introductory part
(b) limit the voting weight ofimpact of the multiple- vote shares on the exercise of other shareholders’ rights, in particular duringdecision-making process at the general meetings, by introducing eitherat least one of the following:
2023/07/11
Committee: ECON
Amendment 115 #
Proposal for a directive
Article 5 – paragraph 1 – point b – point i
(i) a maximum weighted voting ratio and a requirement on the maximum percentage of the outstanding share capital that tratio of the number of votes rights attached total amount of multiple- vote shares can representto the votes rights attached to shares with the least voting rights;
2023/07/11
Committee: ECON
Amendment 128 #
Proposal for a directive
Article 5 – paragraph 1 – point b – point ii
(ii) a restriction on the exercise of the enhanced voting rights attached to multiple-vote shares for voting on matters to be decided at the general meeting of shareholders and that require the approval by a qualified majority. quirement that decisions by the general meeting subject to qualified majority, excluding appointment and dismissal of directors as well as operational decisions to be taken by directors and that are submitted to the general meeting for approval, are to be adopted by: - a qualified majority, as specified in national law, of the votes cast at the meeting; or - a qualified majority, as specified in national law, of the votes cast, and are subject to a separate vote in each class of shares the rights of which are affected.
2023/07/11
Committee: ECON
Amendment 135 #
Proposal for a directive
Article 5 – paragraph 2 – introductory part
2. Member Sstates may provide for further safeguards to ensure adequate protection of shareholders and of the interests of the company. Those safeguards may include in particular:shareholders who do not hold multiple-vote shares.
2023/07/11
Committee: ECON
Amendment 144 #
Proposal for a directive
Article 5 – paragraph 2 – point a
(a) a provision to avoid that the enhanced voting rights attached to multiple-vote shares are transferred to third parties or continue to exist upon the death, incapacitation or retirement of the original holder of multiple-vote shares (transfer-based sunset clause);deleted
2023/07/11
Committee: ECON
Amendment 151 #
Proposal for a directive
Article 5 – paragraph 2 – point b
(b) a provision to avoid that the enhanced voting rights attached to multiple-vote shares continue to exist after a designated period of time (time- based sunset clause);deleted
2023/07/11
Committee: ECON
Amendment 158 #
Proposal for a directive
Article 5 – paragraph 2 – point c
(c) a provision to avoid that the enhanced voting rights attached to multiple-vote shares continue to exist upon the occurrence of a specified event (event-based sunset clause);deleted
2023/07/11
Committee: ECON
Amendment 162 #
Proposal for a directive
Article 5 – paragraph 2 – point d
(d) a requirement to ensure that the enhanced voting rights cannot be used to block the adoption of decisions by the general shareholders’ meeting aiming at preventing, reducing or eliminating adverse impacts on human rights and the environment related to the company’s operations.deleted
2023/07/11
Committee: ECON