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EU proposes binding ‘say on pay’ by shareholders, rules for proxy advisers

( April 9, 2014, 10:35 GMT | Official Statement) -- MLex Summary: The European Commission proposed to give shareholders a binding vote over compensation policies and related-party transactions at publicly traded companies. The proposal also would set rules on proxy advisers and require fund managers to make clear their policies on voting and engagement with companies.The text of the statement follows. Click the attachment at bottom for the full text of the legislative proposal, a provisional version of the communication on corporate governance....

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