Europe: Commission Communication on long-term financing of the European economy

The European Commission published a Communication yesterday on the long-term financing of the European economy: see here (pdf). This contains a section on corporate governance in which the Commission said that it would consider the following proposals:

• A revision of the Shareholder Rights Directive in order to "to better align long-term interests of institutional investors, asset managers and companies".
• The introduction of a Recommendation to improve the quality of corporate governance reporting.