In the second quarter of 2019, the alignment of the Shareholder Rights Directive (SRD II) will be introduced into EU legislation. The new requirements imposed by SRD II on, among other things, the voting process, must be transposed by Member States into national legislation and ultimately implemented by members. The aim of this new directive is to focus European corporate governance policy on the long-term, and to address shortcomings of the old directive. This directive is going to have a significant impact on listed companies and their intermediaries. In this blog, I will elaborate on the three most important effects of the new directive.