In this issue:

- EU Developments

- German Developments

- UK Developments

- Us Developments

- Excerpt from EU Developments -

European Commission Proposes to Introduce Shareholder "Say on Pay" Policy and Other Corporate Governance Initiatives -

On 9 April 2014, the European Commission published a proposal for the revision of the Shareholder Rights Directive, a recommendation on corporate governance reporting and a proposal for a Directive on single-member private limited liability companies. These proposals implement key actions identified in the Commission's communication on longterm financing of the European economy (also covered in this newsletter).

Please see full newsletter below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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