Why Ban Limits on Voting Rights?

31 Pages Posted: 13 Jul 2010

See all articles by Maria Isabel Sáez Lacave

Maria Isabel Sáez Lacave

Universidad autonoma de Madrid, Faculty of Law; European Corporate Governance Institute (ECGI)

Date Written: April 2010

Abstract

The law and corporate practice are living in Spain a major upheaval because of the unexpected-or, at least, unannounced, amendment of art. 105.2 of the Corporations Act (LSA), which aims to eliminate the statutory limits on the exercise of voting rights in listed companies. The purpose of this paper is to shed some light on the desirability of banning corporate shields to limit voting rights, an issue that has fully entered into the corporate life today.

Note: Downloadable document is in Spanish.

Keywords: Voting rights, listed companies

Suggested Citation

Sáez Lacave, Maria Isabel, Why Ban Limits on Voting Rights? (April 2010). InDret, Vol. 02, 2010, Available at SSRN: https://ssrn.com/abstract=1639001

Maria Isabel Sáez Lacave (Contact Author)

Universidad autonoma de Madrid, Faculty of Law ( email )

C/ Kelsen 1
Madrid, 28049
Spain

European Corporate Governance Institute (ECGI) ( email )

c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium