<!doctype html public «-//w3c//dtd html 4.0 transitional//en»> http-equiv=content-type> This work illuminates the need to reconcile national corporate law, takeover law, and the European principle of the free movement of capital. It also discusses the dual role of the shareholder as a member of the corporation and capital investor while focusing specifically on the right to appoint members to the supervisory boards of listed corporations in Europe.