7 Amendments of Reinhard BÜTIKOFER related to 2011/2181(INI)
Amendment 1 #
Draft opinion
Paragraph 1
Paragraph 1
1. Welcomes the Commission’s Green Paper, but stresses that the revised framework should be supported by legally binding rules, implementation tools and measures, as well as reinforced supervision at national and EU level to avoid the risk of it being only formally adopted by boards;
Amendment 3 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Recognises that the financial crisis revealed a lack of effectiveness of existing corporate governance principles based on a ‘comply or explain’ approach; believes that binding obligations and duties need to be at the core of corporate governance regulation, to be complemented by soft regulation such as codes of best practices;
Amendment 8 #
Draft opinion
Paragraph 2 – point 1
Paragraph 2 – point 1
Measures by national trading authorities to increase the responsibility of individual board members and companies, including a possible system of sanctions,
Amendment 9 #
Draft opinion
Paragraph 2 – point 1 a (new)
Paragraph 2 – point 1 a (new)
Duties on directors and board members to minimise financial and non-financial risks related to environmental damage, human rights violations and climate change,
Amendment 32 #
Draft opinion
Paragraph 7
Paragraph 7
7. Believes that risk management should be at the heart of CG and should be listed as a major director’s responsibility; believes that risk-management must also cover non-financial risks related to climate change, human rights violations and environmental damage;
Amendment 35 #
Draft opinion
Paragraph 8
Paragraph 8
8. Is strongly in favour of a European mechanism to help issuers identify their shareholders in order to facilitate dialogue on CG issues; believes that shareholders must be able to play a central role in the governance of companies and more actively contribute to responsible corporate governance;
Amendment 38 #
Draft opinion
Paragraph 9 a (new)
Paragraph 9 a (new)
9a. Suggests banning severance pay in case of non-performance or voluntary departure and that directors’ severance pay in case of early termination (‘golden parachutes’) should not exceed the equivalent of 6 months non variable remuneration;