BETA

4 Amendments of Paul TANG related to 2014/0121(COD)

Amendment 130 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Directive 2007/36/EC
Chapter IB – article 3f – paragraph 4
4. Where institutional investors or asset managers decide not to develop an engagement policy or decide not to disclose the implementation and results thereof, they shall give a clear and reasoned explanation as to why this is the case.deleted
2015/01/07
Committee: ECON
Amendment 137 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Directive 2007/36/EC
Chapter IB – article 3g – paragraph 2 – subparagraph 2
Where the arrangement with the asset manager does not contain one or more of the elements referred to in points (a) to (f), the institutional investor shall give a clear and reasoned explanation as to why this is the case.deleted
2015/01/07
Committee: ECON
Amendment 150 #
Proposal for a directive
Article 1 – paragraph 1 – point 4
Directive 2007/36/EC
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. The policy shall be submitted for approval by the shareholders at least every threeevery years.
2015/01/07
Committee: ECON
Amendment 162 #
Proposal for a directive
Article 1 – paragraph 1 – point 4
Directive 2007/36/EC
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 ratio between the average remuneration of 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 taken.
2015/01/07
Committee: ECON