03/04/2017 (Agence Europe) – On Monday 3 April, the Council adopted the directive on the rights of shareholders in companies listed on the stock exchange and major groups established in the European Union (see EUROPE 11685), which aims to prevent speculation by favouring the long-term commitment of shareholders in these companies. Listed companies will be entitled to identify their shareholders; however, member states can provide for only shareholders holding a certain percentage of shares or voting rights to be identified, if this threshold does not exceed 0.5%. Shareholders will also be allowed to vote on salary policy. Directors' remuneration will be published (and remain public for 10 years). Furthermore, increased transparency requirements will be brought in for institutional investors (pension funds, insurance companies, etc.) regarding their investment strategies. The European Parliament approved the directive on 14 March (see EUROPE 11745). (EL)