3 Amendments of Paul TANG related to 2022/0406(COD)
Amendment 69 #
Proposal for a directive
Recital 11 a (new)
Recital 11 a (new)
(11 a) Even though multiple-vote shares can create risks for stakeholders of a company, by giving a stronger voice to founders and long-term shareholders, multiple-vote shares can also protect a company from an excessive focus on short-term interests and thereby help stimulate its long-term sustainable growth in line with the interests of stakeholders and the environment. To ensure multiple- vote shares are used in this positive way, companies issuing multiple-vote shares should publish a report detailing how their share structure helps promote the interests of all their stakeholders as well as the environment.
Amendment 106 #
Proposal for a directive
Article 5 – paragraph 1 – point a a (new)
Article 5 – paragraph 1 – point a a (new)
(a a) ensure that companies issuing multiple-vote shares publish a justification outlining how the share structure will help guarantee the long- term interests of the company, its stakeholders including employees, and help the company contribute to environmental objectives as defined in Regulation (EU) 2020/852.
Amendment 132 #
Proposal for a directive
Article 5 – paragraph 1 – point b a (new)
Article 5 – paragraph 1 – point b a (new)
(b a) 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.