Privacy watchdog against ID shareholders

Monday 27 July 2009

The privacy watchdog CPB is against cabinet plans to give listed companies the right to request the names and addresses of all their shareholders, reports the Volkskrant on Monday.

The proposal is part of draft legislation presented to parliament on Friday.

The organisation representing investors (VEB) and the listed companies themselves also oppose the move.

Both groups are also unhappy with plans which would force shareholders with a minimum share of 3% to indicate with a yes/no vote whether they are in agreement with the strategy of the management board.

A spokesman for the VEUO which represents listed firms, told the paper that this measure could lead to misunderstandings for both the company and investors.

© DutchNews.nl

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