5 Amendments of Alexandra THEIN related to 2010/2303(INI)
Amendment 1 #
Draft opinion
Paragraph 1
Paragraph 1
1. Takes the view that the number of boards on which directors of financial institutions may sit at the same time should be limited to three, in which connection membership of the boards of several companies within the same financial group should count as one directorship;
Amendment 4 #
Draft opinion
Paragraph 2
Paragraph 2
2. Emphasises that greater diversity among the members of boards of directors will reduce the vulnerability of the financial sector to crises, and calls on the Commission to submit a plan to bring about phased increases in gender diversity with the aim of achieving at least 40%vel of representation for each gender of not less than 40% on the boards of directors of financial institutions, to ensure that this target is met within a foreseeable period and to consider measures to strengthen diversity in terms of professional, social and cultural background;
Amendment 14 #
Draft opinion
Paragraph 3
Paragraph 3
3. Takes the view that the drafting of an annual report – involving as little bureaucracy as possible – on the adequacy and effectiveness of their internal control systems and the adoption of that report by their board of directors should be mandatory for financial institutions; takes the view, further, that it should likewise be mandatory for the annual report drawn up by a financial institution’s external auditors to contain a similar assessment; stresses , however, that a ‘Sarbanes-Oxley effect’ must be avoided in the EU;
Amendment 16 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Takes the view that the call for a high- performance IT infrastructure guaranteeing the rapid flow of information on risk right up to the board of directors is important; considers that the decision on implementing the technical measures to improve the quality and speed of transmission of information to the board of directors should be left to the financial institutions, and thus to the board of directors thereof, so as to allow arrangements to be made that are tailored to each institution and to its specific requirements;
Amendment 33 #
Draft opinion
Paragraph 9
Paragraph 9
9. Draws attention, with reference to remuneration and remuneration policies in financial institutions, to the legislative action which has already been taken, in particular the EU Capital Requirement Directive (CRD III), which came into force on 1 January 2011, and the Directive on the taking-up and pursuit of the business of insurance and reinsurance (Solvency II), and recommends that the next step should be to assess itstheir effectiveness;