6 Amendments of António MARINHO E PINTO related to 2014/0121(COD)
Amendment 296 #
Proposal for a directive
Article 1 – point 4
Article 1 – point 4
Directive 2007/36/EC
Article 9a – paragraph 1 – subparagraph 1
Article 9a – paragraph 1 – subparagraph 1
1. Member States shall ensure that shareholders have the right to vote on the remuneration policy as regards directors. Companies shall only pay remuneration to their directors in accordance with a remuneration policy that has been approved by shareholders. TAny change in that policy shall be subject to the approval of the shareholders and the policy shall be submitted for approval by the shareholders at least every three years.
Amendment 336 #
Proposal for a directive
Article 1 – point 4
Article 1 – point 4
Directive 2007/36/EC
Article 9a – paragraph 3 – subparagraph 2
Article 9a – paragraph 3 – subparagraph 2
The policy shall indicate the maximum amounts of total remuneration that can be awarded, and the corresponding relative proportion of the different components of fixed and variable remuneration. It shall explain how the pay and employment conditions of employees of the company were taken into account when setting the policy or directors’ remuneration by explaining the ratios both between the average remuneration of executive directors and the average remuneration of full time employees of the company other than directors and why this ratio is considered appropriate. The policy may exceptionally be without a ratio in case of exceptional circumstances. In that case, it shall explain why there is no ratio and which measures with the same effect have been takenemployees and between the average remuneration of non-executive directors and the average remuneration of employees and why those ratios are considered appropriate.
Amendment 358 #
Proposal for a directive
Article 1 – paragraph 1 – point 4
Article 1 – paragraph 1 – point 4
Directive 2007/36/EC
Article 9a – paragraph 3 – subparagraph 5a (new)
Article 9a – paragraph 3 – subparagraph 5a (new)
Employees shall be entitled, via their representatives, to express a view on the remuneration policy before it is submitted to shareholders.
Amendment 373 #
Proposal for a directive
Article 1 – paragraph 1 – point 4
Article 1 – paragraph 1 – point 4
Directive 2007/36/EC
Article 9b – paragraph 1 – point aa (new)
Article 9b – paragraph 1 – point aa (new)
(aa) the ratio between the average remuneration awarded, paid, or due to executive directors and the average remuneration of employees in the preceding financial year and the ratio between the average remuneration awarded, paid, or due to non-executive directors and the average remuneration of employees in the preceding financial year;
Amendment 379 #
Proposal for a directive
Article 1 – point 4
Article 1 – point 4
Directive 2007/36/EC
Article 9b – paragraph 1 – point b
Article 9b – paragraph 1 – point b
(b) the relative change ofs in the remuneration ofboth of executive directors and of non-executive directors over the last three financial years, itstheir relation to the development of the valugeneral performance of the company and to change in the average remuneration of full time employees ofin the company other than directorssame period;
Amendment 393 #
Proposal for a directive
Article 1 – point 4
Article 1 – point 4
Directive 2007/36/EC
Article 9b – paragraph 3a (new)
Article 9b – paragraph 3a (new)
3a. Employees shall be entitled, via their representatives, to express a view on the remuneration report before it is submitted to shareholders.