6 Amendments of Wolf KLINZ related to 2011/2181(INI)
Amendment 14 #
Draft opinion
Paragraph 2
Paragraph 2
2. Believes that a ‘comply or explain’ approach is the most appropriate framework to apply to EU listed companies, providing a firm regulatory framework in which companies are accountable to the shareholders that provide their capital and are also required by law to report on their corporate governance practice; notes that a complementary ‘name or shame’ approach provides an additional efficiency and transparency of the regulatory framework based on the ‘comply or explain approach’ and therefore should be introduced;
Amendment 36 #
Draft opinion
Paragraph 6
Paragraph 6
6. Notes that there is a lack of long-term focus within the market and urges the Commission to review all relevant legislation to assess whether any requirements have inadvertently added to short-termism; in particular calls on the Commission to abandon the requirement for quarterly reporting in the Transparency Directive, which adds little to shareholder knowledge and simply creates short-term trading opportunities.
Amendment 41 #
Draft opinion
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Underlines that it is crucial to ensure that non executive directors devote sufficient time to monitoring and supervising particular companies and therefore the number of mandates that a non-executive director may hold should be limited to eight whereas every position as the chairperson of the supervisory board counts double;
Amendment 44 #
Draft opinion
Paragraph 6 b (new)
Paragraph 6 b (new)
6b. Notes the importance of the independence of the supervisory board and calls for an obligatory cooling-off period for executive directors before their appointment as non-executive directors;
Amendment 47 #
Draft opinion
Paragraph 6 c (new)
Paragraph 6 c (new)
6c. Believes that the work of non- executive directors should be evaluated through an independent assessment centre carried out by an external facilitator on a regular basis (e.g. every 3 years) in order to ensure a high qualitative evaluation process;
Amendment 49 #
Draft opinion
Paragraph 6 d (new)
Paragraph 6 d (new)
6d. Notes that a mandatory disclosure of individual remuneration of executive and non-executive directors provides a sufficient level of transparency and therefore should be introduced for the European companies;