On Record Date, Empty Voting, and Hidden Ownership - Some Remarks on EU Directive 2007/36/Ce from a European Perspective

2010 ◽  
Author(s):  
Nicola de Luca
Keyword(s):  
European Perspective ◽  
Eu Directive ◽  
Hidden Ownership ◽  
Empty Voting

Shareholder Decisionmaking in the Presence of Empty Voting and Hidden Ownership

2014 ◽  
Author(s):  
Jordan M. Barry ◽  
John William Hatfield ◽  
Scott Duke Kominers
Keyword(s):  
Hidden Ownership ◽  
Empty Voting

scholarly journals Zeggenschap in de publieke onderneming: empty voting, hidden ownership, securities lending en short selling

2011 ◽  
Vol 85 (6) ◽  
pp. 306-316
Author(s):  
Piet Duffhues ◽  
Sanne Van Oirschot
Keyword(s):  
A Priori ◽  
Short Selling ◽  
Private Benefits ◽  
Kunnen Zijn ◽  
Vote Trading ◽  
Hidden Ownership ◽  
Empty Voting

Het stemrecht op aandelen in publieke ondernemingen is na een lange periode van betrekkelijke desinteresse opnieuw terug in de aandacht van ondernemingen, beleggers, toezichthouders, juristen, academische onderzoekers en wetgevers. Traditioneel hielden alleen ondernemingen zich via de Algemene Vergadering van Aandeelhouders (AVA) bezig met het regelen van het stemrecht. Sinds enkele jaren doen dat ook de financiële markten zelf en wel op afstand van de onderneming. Dit vindt plaats in de vorm van financiële transacties die als innovatief kunnen worden beschouwd waardoor het cashflowrecht wordt gescheiden van het stemrecht op aandelen (‘ontkoppeling’ en ‘vote trading’). Traditioneel zijn deze twee rechten gebonden aanwezig in aandelen. De implicaties van deze transacties plaatsen de leiding van ondernemingen en de wetgever voor grote afwegingsproblemen. Dit artikel concludeert dat er geen reden is om de nieuwe financiële transacties a priori af te wijzen omdat deze vaak zullen berusten op een economisch rationele grondslag. Omdat concurrentiebeperking en het onttrekken van ‘private benefits’ hoofddoelen van de stemmende aandeelhouder kunnen zijn, is echter waakzaamheid geboden. Desondanks bieden deze overwegingen geen steekhoudend argument tegen ontkoppeling, omdat dit motief even goed leidend kan zijn wanneer cashflow- en zeggenschapsrechten niet gescheiden zijn.

Analysis Criteria for Choosing Energy Efficient High-Quality Light Sources and Luminaires

2018 ◽  
pp. 113-119
Author(s):  
Gennady Ya. Vagin ◽  
Eugene B. Solntsev ◽  
Oleg Yu. Malafeev
Keyword(s):  
Energy Efficiency ◽  
Energy Efficient ◽  
National Standards ◽  
Light Sources ◽  
The European Union ◽  
High Quality ◽  
Eu Directive ◽  
The World ◽  
A New Technique ◽  
Energy Labelling

The article analyses critera applying to the choice of energy efficient high quality light sources and luminaires, which are used in Russian domestic and international practice. It is found that national standards GOST P 54993–2012 and GOST P 54992– 2012 contain outdated criteria for determining indices and classes of energy efficiency of light sources and luminaires. They are taken from the 1998 EU Directive #98/11/EU “Electric lamps”, in which LED light sources and discharge lamps of high intensity were not included. A new Regulation of the European Union #874/2012/EU on energy labelling of electric lamps and luminaires, in which these light sources are taken into consideration, contains a new technique of determining classes of energy efficiency and new, higher classes are added. The article has carried out a comparison of calculations of the energy efficiency classes in accordance with GOST P 54993 and with Regulation #874/2012/EU, and it is found out that a calculation using GOST P 54993 gives underrated energy efficiency classes. This can lead to interdiction of export for certain light sources and luminaires, can discredit Russian domestic manufacturer light sources and does not correspond to the rules of the World Trade Organization (WTO).

“Sustainability of Information” as a New Subject in University Degrees in Business Management and Administration: Reporting of Non-financial Information — Spanish Case

2019 ◽  
Vol 10 (6) ◽  
pp. 501-516
Author(s):  
María Ángela Jiménez Montañés ◽  
◽  
Susana Villaluenga de Gracia
Keyword(s):  
Higher Education ◽  
Business Management ◽  
Real Life ◽  
Business Administration ◽  
Financial Information ◽  
Learning Theories ◽  
National Agency ◽  
Royal Decree ◽  
Eu Directive ◽  
Knowledge Competencies

The implementation of curricula of degree, within the framework of the European space of higher education (EEES) has been a substantial change in University learning. The student spent acquire knowledge, competencies, being considered as “an identifiable and measurable set of knowledge, attitudes, values and skills related that allow satisfactory performance in real-life situations of work, according to the standards used in the occupational area” (Van-der Hofstadt & Gómez, 2013, p. 30). More specifically, we talk about generic skills, which are the cognitive, social, emotional and ethical (initiative, effort with the quality, liability, etc.) of transferable character that constitute “knowledge be” in vocational training of the University; and specific competencies in the various degrees and disciplines, allowing to specify functions and professional profiles to form. The degree of management and business administration, general objective is to train professionals and experts in the knowledge and use of processes, procedures, and practices employed in organizations. This overall objective implies to consider the interrelationships between the different parts of the Organization and its relationship with the environment. Studies administration and business management are aimed at learning theories, models and tools applicable to the processes of decision and management organizations. According to the book white of the title of the degree in economics and business, published by the national agency of evaluation and quality, distinguish between specific objectives in the field of knowledge and specific objectives in the field of competences and skills. Focusing on the latter, and in accordance with the Subject Benchmark Statements of General Business and Management, published by the Quality Assurance Agency for Higher Education in the United Kingdom, the specific objectives in the field of skills and abilities that we focus the work would empower the student to it raise the ethical exercise of the profession, assuming social responsibility in decision-making. In this environment, it is necessary to consider the implementation of the 2014/95/EU Directive on disclosure of non-financial information and information on diversity of certain large companies and certain groups resulted in the publication of the Royal Decree 18/2017, of 24 November, whereby amending the commercial code, the consolidated text of the Capital Companies Act approved by Royal Legislative Decree 1/2010 of 2 July and the law 22/2015, 20 July audit of accounts , in the field of non-financial information and diversity. This new disclosure requirement for companies leads us to consider the need to introduce a transversal subject in the curricula of students in economics and management and business administration studies, in order to acquire the skills necessary in the European Higher Education Area (EHEA), to produce the new business reports.

Sign in / Sign up

Export Citation Format

Share Document