Evolutionary Developments in Spanish Corporate Law

IF 0.5 Q3 LAW
Fatih Buğra Erdem
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引用次数: 0

Abstract

It is very common to encounter commercial law regulations designed towards encouraging shareholders to make long-term investments in different jurisdictions in response to the issue of short-termism. Until a few months ago, EU Shareholder Rights Directive was seen as the most effective step, which was put into effect as of 3 September 2020, as regards the encouragement of long-term shareholder engagement. However, when the latest developments are considered, a new era has just started in Spain with Law No. 5/2021, which entered into force on 3 May 2021, regarding the duties and responsibilities of managers to increase shareholders’ long-term loyalty to listed companies by complying with the modifications envisaged by Directive 2017/828. This study, in light of what has been covered hitherto, examines the amendments (reform) brought by Law No. 5/2021 as well as evaluating its possible effects on the functioning of company law. Spanish Corporate Law Reform, Short-Termism, Shareholder Activism
西班牙公司法的演变发展
为了应对短期主义问题,经常会遇到旨在鼓励股东在不同司法管辖区进行长期投资的商业法律法规。直到几个月前,在鼓励股东长期参与方面,欧盟股东权利指令被视为最有效的步骤,该指令于2020年9月3日生效。然而,考虑到最新的发展情况,西班牙的第5/2021号法律刚刚开始一个新的时代,该法律于2021年5月3日生效,涉及管理人员的义务和责任,通过遵守2017/828号指令设想的修改来增加股东对上市公司的长期忠诚度。根据迄今为止所涵盖的内容,本研究审查了第5/2021号法律带来的修正案(改革),并评估其对公司法运作的可能影响。西班牙公司法改革,短期主义,股东激进主义
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来源期刊
自引率
33.30%
发文量
23
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