Activities of Evelyn REGNER related to 2009/2177(INI)
Legal basis opinions (0)
Amendments (10)
Amendment 4 #
Draft opinion
Recital B
Recital B
B. whereas profits generated in the financial sector have been disconnected from economic growth, with disproportionately high remunerations, based solely on shareholder profits, creating immoral risks withprimarily on securing short-term profits and share price rises for the benefit of shareholders, creating increasingly risky business models to the detriment of employees’, savers’ and investors’ money,
Amendment 14 #
Draft opinion
Paragraph 2
Paragraph 2
2. Endorses the principles set out by the Commission in its recommendations of 30 April 2009, but observes that those recommendations – particularly concerning the sensitive topic of remuneration of managers – are only being implemented in an unsatisfactory manner by the Member States; calls for the principles which the Commission introduced in its recommendations of 30 April 2009 on, first, the structure and governance of the remuneration of directors of listed companies and, second, the structure of remuneration, the process of design and operation of remuneration policy (governance), transparency of remuneration policy and supervisory review (supervision) in the financial sector to be made binding by means of an EU regulation;
Amendment 18 #
Motion for a resolution
Recital O
Recital O
O. whereas the company’s objective should be constructive engagement of shareholders and employees; whereas this requires exploration of other measures for effective involvement of shareholders in shaping the company’s policy on remuneration (such as the possibility introduced in Germany for companies to seek shareholders’ approval of a tier remuneration policy through an advisory vote), in particular since shareholders are not always willing or prepared to take on a more active role; whereas this should also mean that ways should be explored of ensuring more proactive rather than reactive behaviour by shareholders vis-à- vis boards,
Amendment 19 #
Motion for a resolution
Recital O a (new)
Recital O a (new)
Oa. whereas it falls within the legal remit of company boards to establish criteria for management remuneration and fix the levels of such remuneration and, in many Member States, the involvement of employees’ representatives means that social considerations are taken into account here,
Amendment 22 #
Draft opinion
Paragraph 3
Paragraph 3
3. Stresses the need for proportionality of remuneration within companies by linking changes in the overall remuneration and pensions of directors to those of staff and by discouraging excessive risk-taking, and, for reasons of social justice, wishes to see the salaries, bonuses and pensions of the directors of companies receiving aid from the Member States or from the European Union capped and inappropriate salaries, bonuses and inappropriate severance pay, as a matter of absolute principle, subject to high and progressive taxation;
Amendment 24 #
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Calls for encouragement for more women to be assigned to management posts by means of a Commission recommendation to introduce a compulsory quota system for the filling of posts on company decision-making bodies, posts in other bodies and posts in general;
Amendment 35 #
Motion for a resolution
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Sees the European company as a suitable platform for best practices with a view to embedding ethical principles in the way that transnational companies are directed and putting such principles into practical application;
Amendment 36 #
Motion for a resolution
Paragraph 4 b (new)
Paragraph 4 b (new)
4b. Considers it important to emphasise the general social responsibility of company boards for the sustainable, longer-term development of firms based in an EU Member State, and to expect it as a duty of such boards that they structure company directors’ remuneration in a way which reflects that aim and which is transparent to the European public;
Amendment 43 #
Draft opinion
Paragraph 9 a (new)
Paragraph 9 a (new)
9a. Calls for encouragement for more women to be assigned to management posts by means of a Commission recommendation to introduce a compulsory quota system for the filling of posts on the decision-making bodies of undertakings, posts in other bodies and posts in general;
Amendment 47 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. Endorses the principles introduced by the Commission in its recommendations of 30 April 2009, but observes that those recommendations – particularly concerning the sensitive topic of remuneration of managers – are only being implemented in an unsatisfactory manner by the Member States; calls for the principles which the Commission introduced in its recommendations of 30 April 2009 on, first, the structure and governance of the remuneration of directors of listed companies and, second, the structure of remuneration, the process of design and operation of remuneration policy (governance), transparency of remuneration policy and supervisory review (supervision) in the financial sector to be made binding by means of an EU regulation;