PRI and Norton Rose Fulbright Acting in Concert and Collaborative Shareholder Engagement: Germany (2020)

13 members

Information sharing: Read the PRI commissioned Norton Rose Fulbright guidance document on acting in concert in Germany (2020)

Collaboration details

Please click on the attachment below or on the "FILES" tab to access the document

The aim of this PRI commissioned guidance published in July 2020 is to provide greater clarity to institutional investors on which collaborative engagement activities are permissible under German law. We will evaluate the legal requirements that may be triggered by collaborative engagement by assessing the relevant regulation against 18 hypothetical collaborative engagement scenarios, provided to us by the PRI. In the remainder of the introduction, we will provide a short overview of the regulation and how it may be relevant to collaborative engagement. The following chapter Acting in concert scenarios then contains the collaborative engagement scenarios and whether these trigger regulatory requirements.

The chapter Acting in concert requirements in Germany provides greater details on the German regulation applicable to collaborative engagement.

The information contained in this report is meant for the purposes of information only and is not intended to be investment, legal, tax or other advice, nor is it intended to be relied upon in making an investment or other decision.

  • pri-norton_rose_fulbright_acting_in_concert_german_guidance_sept_2020_-_german_translation_final.pdf Download
  • pri-norton_rose_fulbright_acting_in_concert_german_guidance_sept_2020_-_final.pdf Download
Created on
ESG theme
  • Governance
ESG sub-theme
  • Shareholder rights
Sustainable Development Goal
  • 17 - Partnerships for the Goals
  • Germany
Asset class