Shareholder Rights Directive (SRD II)

The Shareholder Rights Directive II (DIRECTIVE (EU) 2017/828 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 17 May 2017 amending Directive 2007/36/EC) aims to promote effective stewardship and long-term investment decision taking.

It sets out requirements in several key areas, including the transparency of engagement and proxy voting by asset managers, and regular reporting on the implementation of such activities.

CADELUX S.A. supports the goals of the Shareholders Right Directive II, and has actively exercised voting rights and engaged with the companies in which it invests for many years. Furthermore, Delen group has adhered to the United Nations’ Principles for Responsible Investment since 2017 (

For further details, please refer to our Active Ownership and Proxy Voting Policy which provides an overall description of how we monitor and engage with investee companies on ESG issues and exercise voting rights on behalf of our clients. Our Active Voting Report (available at the beginning of 2021) presents an overview and concrete examples of how we voted at shareholder meetings and engaged with portfolio holdings during the last reporting period.