On 2 June 2015, Insurance Europe published a position paper outlining its concerns regarding the European Parliament's Legal Affairs Committee report (dated 12 May 2015) on the revision of the Shareholder’s Rights Directive.  Key issues raised included the proposed 'unexpected' extension of the scope of the Directive to include large companies and large groups, rather than only listed companies. Additionally, with respect to the shareholder engagement policy to be disclosed by institution investors and asset managers under the proposed Directive, Insurance Europe's view is that the definition of engagement policy is not sufficiently clear, requirements on public disclosure on voting behaviour is not feasible, and deleted 'comply or explain' provisions (to apply where a policy is not published or certain information is not disclosed) should be reinserted.