1 share/1 vote Jan Persson

1
1 share/1 voteJan Persson

• Investors have different aims with their
  investments
• In a global perspective European firms need a
  whole set of financial instruments
• ISS-report shows no solid basis declaring 1
  share/1 vote-companies perform better
• CEMs have advantages and drawbacks
• CEMs are available in all jurisdictions and
  widely used

2
1 share/1 vote

• Regulating ownership mechanisms - a big
  disadvantage to European firms
• Transparency fundamental - but the Takeover
  Directive regulates this
• Comply or explain favours one system
• Respect the freedom of contract and allow free
  competition between ownerships
• No further actions at EU-level needed
• The free market - not the legislator- should
  decide if the structure of ownership in a company
  attracts investments