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O<strong>the</strong>r influencing fac<strong>to</strong>rsPart <strong>of</strong> <strong>the</strong> European Union desire <strong>to</strong> create a single harmonisedEuropean market via initiatives that address <strong>the</strong> position <strong>of</strong> beneficialowners <strong>of</strong> securities:i› The receipt <strong>of</strong> shareholder communications; and› The exercise <strong>of</strong> shareholder rightsAdditional impetus comes from:› Financial crisis and perceived failures› Governance debate and shareholders as ‘stewards’› Changes taking place <strong>to</strong> some European share ownershipmodels

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