{"change_dates":[],"dossier":{"amendments":[{"authors":"Pascal Canfin on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-1","location":[["Draft opinion","Paragraph 1"]],"meps":[96711],"meta":{"created":"2019-07-03T05:19:30"},"new":["1. Welcomes the Commission's green","paper on the EU corporate governance","framework; believes that, given the diverse","nature of existing national frameworks and","individual listed companies, a proportional","approach to corporate governance must be","applied;"],"old":["1. Welcomes the Commission's green","paper on the EU corporate governance","framework; believes that, given the diverse","nature of existing national frameworks and","individual listed companies, a proportional","and flexible approach to corporate","governance must be applied;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"1","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Ildik\u00f3 G\u00e1ll-Pelcz, Theodor Dumitru Stolojan, Marianne Thyssen, Diogo Feio","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-2","location":[["Draft opinion","Paragraph 1"]],"meps":[102886,39721,1832,96977],"meta":{"created":"2019-07-03T05:19:30"},"new":["1. Welcomes the Commission's green","paper on the EU corporate governance","framework; believes that, given the diverse","nature of existing national frameworks and","individual listed companies, a proportional","and flexible approach to corporate","governance must be applied, but also calls","for the fact that the excessive","bureaucratic burden need to be avoided."],"old":["1. Welcomes the Commission's green","paper on the EU corporate governance","framework; believes that, given the diverse","nature of existing national frameworks and","individual listed companies, a proportional","and flexible approach to corporate","governance must be applied;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"2","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Ildik\u00f3 G\u00e1ll-Pelcz","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-3","location":[[" Draft opinion","Paragraph 1"]],"meps":[102886],"meta":{"created":"2019-07-03T05:19:30"},"new":["1. Welcomes the Commission\u2019s green","paper on the EU corporate governance","framework; believes that, given the diverse","nature of existing national frameworks and","individual listed companies, a proportional","and flexible approach to corporate","governance must be applied, taking into","account the ambitious growth targets set","by Agenda 2020 and the provisions of","Directive 2006/46/EC;"],"old":["1. Welcomes the Commission\u2019s green","paper on the EU corporate governance","framework; believes that, given the diverse","nature of existing national frameworks and","individual listed companies, a proportional","and flexible approach to corporate","governance must be applied;"],"orig_lang":"hu","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"3","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Diogo Feio","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-4","location":[[" Draft opinion","Paragraph 1 \u2013 point 1 (new)"]],"meps":[96977],"meta":{"created":"2019-07-03T05:19:30"},"new":["(1) Considers that companies should put","in place mechanisms (trainings,","information briefings, regular newsletters,","etc) to increase shareholders awareness,","participation and responsibility, and","exchange best practices, as long as this","would not impose disproportionate","burdens on companies."],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"4","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Edward Scicluna","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-5","location":[[" Draft opinion","Paragraph 1 a (new)"]],"meps":[96671],"meta":{"created":"2019-07-03T05:19:30"},"new":["1a. States that it is a prerequisite that a","well-governed company should be","accountable and transparent to its","employees, shareholders and other","stakeholders;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"5","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Philippe De Backer","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-6","location":[["Draft opinion","Paragraph 1 a (new)"]],"meps":[109337],"meta":{"created":"2019-07-03T05:19:30"},"new":["1a. Considers that, in the wake of the","financial crisis, lessons can be learned","from the principal shortcomings in the","business world;"],"orig_lang":"nl","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"6","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Edward Scicluna","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-7","location":[["Draft opinion","Paragraph 1 b (new)"]],"meps":[96671],"meta":{"created":"2019-07-03T05:19:31"},"new":["1b. Notes that the findings of the","Commission's study on monitoring","corporate governance revealed numerous","short-comings in applying the 'comply or","explain' principle;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"7","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Philippe De Backer","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-8","location":[[" Draft opinion","Paragraph 1 b (new)"]],"meps":[109337],"meta":{"created":"2019-07-03T05:19:31"},"new":["1b. Advocates, nonetheless, a certain","restraint in this context and calls for every","proposal to be assessed very critically in","the light of the objectives to be attained","and the cost-benefit ratio of such","proposals;"],"orig_lang":"nl","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"8","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Philippe De Backer","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-9","location":[[" Draft opinion","Paragraph 1 c (new)"]],"meps":[109337],"meta":{"created":"2019-07-03T05:19:31"},"new":["1c. Stresses the need to achieve better","functioning of, and compliance with,","existing governance rules and","recommendations rather than imposing","binding European corporate governance","rules;"],"orig_lang":"nl","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"9","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Philippe De Backer","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-10","location":[[" Draft opinion","Paragraph 1 d (new)"]],"meps":[109337],"meta":{"created":"2019-07-03T05:19:31"},"new":["1d. Does not consider a \u2018one size fits all","approach\u2019 to be helpful in view of the","considerable diversity of companies","within Europe and in particular the","difference between listed and unlisted","companies;"],"old":[""],"orig_lang":"nl","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"10","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Edward Scicluna","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-11","location":[["Draft opinion","Paragraph 2"]],"meps":[96671],"meta":{"created":"2019-07-03T05:19:31"},"new":["2. Believes that a core of practicable and","binding governance rules for European","companies complemented by soft","regulations such as codes of best practices","requiring companies to state which rules","they have not complied with and the","alternative solutions pursued would be the","most appropriate framework;"],"old":["2. Believes that a \u2018comply or explain\u2019","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;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"11","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Pascal Canfin on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-12","location":[["Draft opinion","Paragraph 2"]],"meps":[96711],"meta":{"created":"2019-07-03T05:19:31"},"new":["2. Recognises that the financial crisis","revealed a lack of effectiveness of existing","corporate governance principles based on","a 'comply or explain' approach; concludes","that a core of practicable and legally","binding provisions are needed and must be","complemented by soft regulation such as","codes of best practices as well as","reinforced supervision at national and EU","level."],"old":["2. Believes that a \u2018comply or explain\u2019","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;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"12","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Ildik\u00f3 G\u00e1ll-Pelcz, Theodor Dumitru Stolojan, Marianne Thyssen","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-13","location":[[" Draft opinion","Paragraph 2"]],"meps":[102886,39721,1832],"meta":{"created":"2019-07-03T05:19:31"},"new":["2. Recognises that the financial crisis","revealed a lack of effectiveness of existing","corporate governance principles based on","a 'comply or explain' approach; concludes","that a core of practicable and legally","binding provisions are needed and must","be complemented by soft regulation such","as codes of best practices as well as","reinforced supervision at national and EU","level;"],"old":["2. Believes that a \u2018comply or explain\u2019","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;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"13","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Wolf Klinz","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-14","location":[[" Draft opinion","Paragraph 2"]],"meps":[28244],"meta":{"created":"2019-07-03T05:19:31"},"new":["2. Believes that a \u2018comply or explain\u2019","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 \u2018name or shame\u2019","approach provides an additional","efficiency and transparency of the","regulatory framework based on the","\u2018comply or explain approach\u2019 and","therefore should be introduced;"],"old":["2. Believes that a \u2018comply or explain\u2019","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;",""],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"14","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Philippe De Backer","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-15","location":[["Draft opinion","Paragraph 2"]],"meps":[109337],"meta":{"created":"2019-07-03T05:19:31"},"new":["2. Believes that a \u2018comply or explain\u2019","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; considers that this","\u2018comply or explain\u2019 method will benefit","most from a monitoring system which","assigns priority to transparency and under","which it is possible to ensure that","information is reliable and of high","quality;"],"old":["2. Believes that a \u2018comply or explain\u2019","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;"],"orig_lang":"nl","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"15","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Sharon Bowles","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-16","location":[["Draft opinion","Paragraph 2"]],"meps":[33570],"meta":{"created":"2019-07-03T05:19:31"},"new":["2. Believes that a \u2018comply or explain\u2019","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 and, in instances of","systemic companies, calls on the","Commission to implement enhanced","'comply or explain' procedures with","binding scrutiny measures to mitigate","against corporate risk and","mismanagement;"],"old":["2. Believes that a \u2018comply or explain\u2019","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;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"16","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Corien Wortmann-Kool","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-17","location":[[" Draft opinion","Paragraph 2"]],"meps":[28167],"meta":{"created":"2019-07-03T05:19:31"},"new":["2. Believes that a \u2018comply or explain\u2019","approach in the form of codes and best","practices should be applied to EU listed","companies where appropriate, but that it","must be complemented by concrete","legislation, as well as by regular external","evaluation and appropriate regulatory","oversight, 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;"],"old":["2. Believes that a \u2018comply or explain\u2019","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;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"17","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Ildik\u00f3 G\u00e1ll-Pelcz, Theodor Dumitru Stolojan, Marianne Thyssen","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-18","location":[["Draft opinion","Paragraph 2 \u2013 point 1 (new)"]],"meps":[102886,39721,1832],"meta":{"created":"2019-07-03T05:19:31"},"new":["(1) Emphasizes that the Green Book only","deals with the enterprises listed on","stock, although it would be practical to","also involve the OTC enterprises and the","SMEs under a differentiated approach","into the subject of the regulation of the","corporate governance framework for","European companies, as they","have enormous economical potential and","they serve as driving force of the","European economies;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"18","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Edward Scicluna","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-19","location":[["Draft opinion","Paragraph 2 a (new)"]],"meps":[96671],"meta":{"created":"2019-07-03T05:19:32"},"new":["2 a. Notes in the meantime that a more","effective enforcement of 'comply or","explain' should involve peer pressure, by","making monitoring reports on companies","publicly available, and formal sanctions","in serious cases of non-compliance;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"19","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Rolandas Paksas","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-20","location":[["Draft opinion","Paragraph 2 a (new)"]],"meps":[96694],"meta":{"created":"2019-07-03T05:19:32"},"new":["2a. Takes the view that the identification","of shareholders should be facilitated in","order to encourage dialogue between","companies and their shareholders and","reduce the risk of abuse connected to","\u2018empty voting\u2019;"],"orig_lang":"lt","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"20","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Edward Scicluna","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-21","location":[[" Draft opinion","Paragraph 3"]],"meps":[96671],"meta":{"created":"2019-07-03T05:19:32"},"new":["3. Believes that codes of practice can","deliver behavioural change and that the","flexibility provided by codes allows","innovation which can draw on best practice","throughout the EU; believes that a sharing","of best practice would improve corporate","governance in the EU;"],"old":["3. Believes that codes of practice can","deliver behavioural change and that the","flexibility provided by codes allows","innovation which can draw on best practice","throughout the EU; believes that a sharing","of best practice should lead to the","development of an EU framework for","corporate governance;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"21","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Pascal Canfin on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-22","location":[[" Draft opinion","Paragraph 3"]],"meps":[96711],"meta":{"created":"2019-07-03T05:19:32"},"new":["3. Believes that codes of practice can","contribute to behavioural change and that","the flexibility provided by codes allows","innovation which can either draw on best","practice throughout the EU, but or can","also lead to race to the bottom; believes","that a sharing of best practice should","inspire the development of a binding EU","framework for corporate governance;"],"old":["3. Believes that codes of practice can","deliver behavioural change and that the","flexibility provided by codes allows","innovation which can draw on best practice","","throughout the EU; believes that a sharing","of best practice should lead to the","development of an EU framework for","corporate governance;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"22","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Pascal Canfin on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-23","location":[["Draft opinion","Paragraph 4"]],"meps":[96711],"meta":{"created":"2019-07-03T05:19:32"},"new":["4. Believes that existing codes should be","strengthened and that more effective","monitoring of codes and better quality of","explanations are required; stresses that","shareholders must play effectively their","role in the governance of companies and","they should contribute more to","responsible corporate governance;","Amongst other things, shareholders","should have the right to reject the","remuneration policy defined by the","remuneration committee at the general","meeting; believes that shareholders should","inform regulators when a company","provides an unacceptable explanation for","departing from a code of practice;"],"old":["4. Believes that existing codes should be","strengthened and that more effective","monitoring of codes and better quality of","explanations are required; stresses that","shareholders must remain central to the","governance of companies and their role","must be enhanced, not diminished;","believes that shareholders should inform","regulators when a company provides an","unacceptable explanation for departing","from a code of practice;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"23","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Kri\u0161j\u0101nis Kari\u0126\u0161","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-24","location":[["Draft opinion","Paragraph 4"]],"meps":[96901],"meta":{"created":"2019-07-03T05:19:32"},"new":["4. Believes that existing codes should be","strengthened and that more effective","monitoring of codes and better quality of","explanations are required; stresses that","shareholders must remain central to the","governance of companies and their role","must be enhanced, not diminished, if their","risks and investments are substantial;","believes that shareholders should inform","regulators when a company provides an","unacceptable explanation for departing","from a code of practice;"],"old":["4. Believes that existing codes should be","strengthened and that more effective","monitoring of codes and better quality of","explanations are required; stresses that","shareholders must remain central to the","governance of companies and their role","must be enhanced, not diminished; believes","that shareholders should inform regulators","when a company provides an unacceptable","explanation for departing from a code of","practice;"],"orig_lang":"lv","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"24","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Ildik\u00f3 G\u00e1ll-Pelcz, Theodor Dumitru Stolojan, Marianne Thyssen, Diogo Feio","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-25","location":[[" Draft opinion","Paragraph 4"]],"meps":[102886,39721,1832,96977],"meta":{"created":"2019-07-03T05:19:32"},"new":["4. Believes that existing codes should be","strengthened and that more effective","monitoring of codes and better quality of","explanations are required; stresses that","shareholders (not only the majority but","also the minority ones) must remain","central to the governance of companies and","their role must be enhanced, not","diminished; believes that shareholders","should inform regulators when a company","provides an unacceptable explanation for","departing from a code of practice;"],"old":["4. Believes that existing codes should be","strengthened and that more effective","monitoring of codes and better quality of","explanations are required; stresses that","shareholders must remain central to the","governance of companies and their role","must be enhanced, not diminished; believes","that shareholders should inform regulators","when a company provides an unacceptable","explanation for departing from a code of","practice;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"25","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Rolandas Paksas","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-26","location":[["Draft opinion","Paragraph 4"]],"meps":[96694],"meta":{"created":"2019-07-03T05:19:32"},"new":["4. Believes that existing codes should be","strengthened and that more effective","monitoring of codes and better quality of","explanations are required; stresses that","shareholders must remain central to the","governance of companies and their role","must be enhanced, not diminished, and","that they should also be encouraged to","think of the company\u2019s long-term","financial results; believes that","shareholders should inform regulators","when a company provides an unacceptable","explanation for departing from a code of","practice;"],"old":["4. Believes that existing codes should be","strengthened and that more effective","monitoring of codes and better quality of","explanations are required; stresses that","shareholders must remain central to the","governance of companies and their role","must be enhanced, not diminished; believes","that shareholders should inform regulators","when a company provides an unacceptable","explanation for departing from a code of","practice;"],"orig_lang":"lt","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"26","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Hans-Peter Martin","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-27","location":[["Draft opinion","Paragraph 4"]],"meps":[4238],"meta":{"created":"2019-07-03T05:19:32"},"new":["4. Believes that existing codes should be","strengthened and that more effective","monitoring of codes and better quality of","explanations are required; stresses that","shareholders must remain central to the","governance of companies and their role","must be enhanced, not diminished; believes","that shareholders should inform regulators","when a company provides an unacceptable","explanation for departing from a code of","practice; takes the view that a sanction","mechanism should be considered for such","companies if codes are not complied with,","and that this sanction framework should","distinguish between breaches of current","voluntary codes and breaches of binding","codes;"],"old":["4. Believes that existing codes should be","strengthened and that more effective","monitoring of codes and better quality of","explanations are required; stresses that","shareholders must remain central to the","governance of companies and their role","must be enhanced, not diminished; believes","that shareholders should inform regulators","when a company provides an unacceptable","explanation for departing from a code of","practice;",""],"orig_lang":"de","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"27","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Diogo Feio","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-28","location":[[" Draft opinion","Paragraph 4 \u2013 point 1 (new)"]],"meps":[96977],"meta":{"created":"2019-07-03T05:19:32"},"new":["(1) Emphasizes that the Green Book deals","with the enterprises listed on stock,","although it would be practical to also","involve the OTC enterprises and the","SMEs under a differentiated approach","into the subject of corporate governance","framework for European companies;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"28","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Ildik\u00f3 G\u00e1ll-Pelcz, Theodor Dumitru Stolojan, Zita Gurmai, Marianne Thyssen, Corien Wortmann-Kool","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-29","location":[[" Draft opinion","Paragraph 4 a (new)"]],"meps":[102886,39721,23805,1832,28167],"meta":{"created":"2019-07-03T05:19:32"},"new":["4a. Calls on the Commission to put in","place definite initiatives to ensure better","representation of women on boards of","directors; emphasises that corporate","management and remuneration policies","must comply with and foster the principle","of equal treatment of women and men","established by EU directives;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"29","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Kri\u0161j\u0101nis Kari\u0126\u0161","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-30","location":[["Draft opinion","Paragraph 4 a (new)"]],"meps":[96901],"meta":{"created":"2019-07-03T05:19:33"},"new":["4a. Considers that uncertainties and","potential offences should be averted","before they have manifested themselves;","notes that transactions with \u2018related","parties\u2019 tend to be unclear and","untransparent, thus giving rise to","suspicions that they may be damaging to","minority shareholders, and that there are","therefore grounds for supporting an","increase in their transparency, starting","from a limit value applicable to","transactions, expressed as a percentage of","the turnover of the company in a financial","year;"],"orig_lang":"lv","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"30","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Ildik\u00f3 G\u00e1ll-Pelcz, Theodor Dumitru Stolojan, Marianne Thyssen, Diogo Feio","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-31","location":[["Draft opinion","Paragraph 4 b (new)"]],"meps":[102886,39721,1832,96977],"meta":{"created":"2019-07-03T05:19:33"},"new":["4b. Stresses that a well-governed company","should be transparent and accountable to","its shareholders and other stakeholders;","reaffirms that directors of corporates have","to take account of the sustainability, long-","term interests when taking decisions, in","order to minimise risks;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"31","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Arlene McCarthy","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-32","location":[[" Draft opinion","Paragraph 5 a (new)"]],"meps":[2173],"meta":{"created":"2019-07-03T05:19:33"},"new":["5a. Deplores excessive awards for","executive pay at a time when most","workers are struggling with austerity","measures; affirms that executive pay","should reflect sustainable growth in a","firm; calls therefore for greater","transparency of the proportion of","revenues given to executive pay compared","to shareholders, workers and capital","investment; calls for improved","accountability and fully effective","shareholder control over executive pay","awards;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"32","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Edward Scicluna","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-33","location":[[" Draft opinion","Paragraph 6"]],"meps":[96671],"meta":{"created":"2019-07-03T05:19:33"},"new":["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 welcomes the","Commission's proposal to abandon the","requirement for quarterly reporting in the","Transparency Directive, which adds little","to shareholder knowledge and simply","creates short-term trading opportunities."],"old":["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."],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"33","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Pascal Canfin on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-34","location":[["Draft opinion","Paragraph 6"]],"meps":[96711],"meta":{"created":"2019-07-03T05:19:33"},"new":["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 and to propose new","legislative proposals to foster long term","focus; 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 and to promote","accounting rules that limit short term","volatility of profits."],"old":["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."],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"34","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Ildik\u00f3 G\u00e1ll-Pelcz, Theodor Dumitru Stolojan, Marianne Thyssen","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-35","location":[["Draft opinion","Paragraph 6"]],"meps":[102886,39721,1832],"meta":{"created":"2019-07-03T05:19:33"},"new":["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, calls on the","Commission to bring forward legislative","proposals in the field of company law to","help address corporate governance issues","and ensure consistency in remuneration","policy for all types of companies;"],"old":["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."],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"35","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Wolf Klinz","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-36","location":[[" Draft opinion","Paragraph 6"]],"meps":[28244],"meta":{"created":"2019-07-03T05:19:33"},"new":["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."],"old":["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."],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"36","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Hans-Peter Martin","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-37","location":[[" Draft opinion","Paragraph 6"]],"meps":[4238],"meta":{"created":"2019-07-03T05:19:33"},"new":["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;"],"old":["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."],"orig_lang":"de","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"37","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Corien Wortmann-Kool","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-38","location":[["Draft opinion","Paragraph 6"]],"meps":[28167],"meta":{"created":"2019-07-03T05:19:33"},"new":["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. Calls on the","Commission to bring forward legislative","proposals in the field of company law to","help address corporate governance and","remuneration issues for all types of","companies;"],"old":["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."],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"38","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Edward Scicluna","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-39","location":[["Draft opinion","Paragraph 6 a (new)"]],"meps":[96671],"meta":{"created":"2019-07-03T05:19:33"},"new":["6a. Stresses the need for company board","members to be selected on the basis of a","broad set of criteria including sector","specific professional qualifications and","experience;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"39","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Pascal Canfin on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-40","location":[[" Draft opinion","Paragraph 6 a (new)"]],"meps":[96711],"meta":{"created":"2019-07-03T05:19:33"},"new":["6a. As markets have proofed inefficient in","determining appropriate levels of","remuneration for higher echelons, calls","for more transparency and comprehensive","binding rules, addressing growing gaps","between sustainable value creation and","remuneration, in particular in but not","limited to the financial sector."],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"40","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Wolf Klinz","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-41","location":[[" Draft opinion","Paragraph 6 a (new)"]],"meps":[28244],"meta":{"created":"2019-07-03T05:19:33"},"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;"],"old":[""],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"41","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Edward Scicluna","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-42","location":[["Draft opinion","Paragraph 6 b (new)"]],"meps":[96671],"meta":{"created":"2019-07-03T05:19:33"},"new":["6b. Emphasises the need for the roles of","CEO and chairman to be separated and","that the roles should only be combined in","exceptional circumstances and for a","period no longer than one year;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"42","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Pascal Canfin on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-43","location":[["Draft opinion","Paragraph 6 b (new)"]],"meps":[96711],"meta":{"created":"2019-07-03T05:19:33"},"new":["6b. Following the efficient and innovative","approach of Norway, calls on the","Commission to propose binding rules to","gender-balance corporate boards"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"43","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Wolf Klinz","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-44","location":[[" Draft opinion","Paragraph 6 b (new)"]],"meps":[28244],"meta":{"created":"2019-07-03T05:19:33"},"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;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"44","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Edward Scicluna","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-45","location":[[" Draft opinion","Paragraph 6 c (new)"]],"meps":[96671],"meta":{"created":"2019-07-03T05:19:34"},"new":["6c. Expresses concern at the lack of","progress made in increasing gender","diversity on company boards in the EU, in","particular notes that despite increases in","the number of female graduates, the","proportion of women on boards is around","12%;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"45","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Pascal Canfin on behalf of the Verts/ALE Group","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-46","location":[[" Draft opinion","Paragraph 6 c (new)"]],"meps":[96711],"meta":{"created":"2019-07-03T05:19:34"},"new":["6c. Considers that the corporate","governance is not only the matter of","shareholders and managers but should","include all stakeholders. Employees,","clients, social and environmental non-","governmental organisations should be in","a position to assess whether corporate","governance is consistent with the long","term interest of the company which","implies further transparency, in particular","for large companies."],"old":[""],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"46","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Wolf Klinz","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-47","location":[["Draft opinion","Paragraph 6 c (new)"]],"meps":[28244],"meta":{"created":"2019-07-03T05:19:34"},"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;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"47","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Edward Scicluna","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-48","location":[["Draft opinion","Paragraph 6 d (new)"]],"meps":[96671],"meta":{"created":"2019-07-03T05:19:34"},"new":["6d. Welcomes and supports the","Commission's recommendation that","companies should disclose their","remuneration policy and the","remuneration of individual directors, the","result of shareholders' votes on","remuneration, and establish independent","committees on remuneration; adds that","such measures would increase","transparency and also address the","growing mismatch between performance","and executive pay;"],"old":[""],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"48","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Wolf Klinz","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-49","location":[[" Draft opinion","Paragraph 6 d (new)"]],"meps":[28244],"meta":{"created":"2019-07-03T05:19:34"},"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;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"49","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Edward Scicluna","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-50","location":[[" Draft opinion","Paragraph 6 e (new)"]],"meps":[96671],"meta":{"created":"2019-07-03T05:19:34"},"new":["6e. Agrees with the Commission on the","need to increase shareholder","identification and welcomes its proposals","in the Transparency Directive on this","issue; calls on the remaining Member","States to grant issuers the right to know","their domestic shareholders;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"50","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Edward Scicluna","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-51","location":[["Draft opinion","Paragraph 6 f (new)"]],"meps":[96671],"meta":{"created":"2019-07-03T05:19:34"},"new":["6f. Contends that while risk is often an","inherent part of business activity, it is","important for boards of directors to","clearly define their company's risk policy","and ensure proper and independent","oversight of risk management processes;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"51","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Edward Scicluna","changes":{},"committee":["ECON"],"date":"2011-11-16T00:00:00","id":"PE475.978-52","location":[["Draft opinion","Paragraph 6 g (new)"]],"meps":[96671],"meta":{"created":"2019-07-03T05:19:34"},"new":["6g. Notes the myriad benefits of employee","share ownership including raising","productivity and the commitment of","workers in their company and reducing","social tensions, calls on the Commission","to work with Member States to extend and","encourage employee share ownership,","particularly through national tax regimes;"],"orig_lang":"en","peid":"PE475.978v01-00","reference":"2011/2181(INI)","seq":"52","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-475.978+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Traian Ungureanu","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-1","location":[["Draft opinion","Paragraph 1"]],"meps":[96835],"meta":{"created":"2019-07-03T05:24:07"},"new":["1. Underlines the importance of creating a","more transparent, stable and reliable","corporate sector, giving special attention","to different size of companies and","addressing problems of adequate working","conditions, safety at work and ensuring","the creation and maintenance of decent","jobs;"],"old":["1. Underlines the importance of creating a","more transparent, stable and reliable","corporate sector able to take social and","ethical concerns into account in its","practices;"],"orig_lang":"en","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"1","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Antigoni Papadopoulou","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-2","location":[["Draft opinion","Paragraph 1"]],"meps":[97050],"meta":{"created":"2019-07-03T05:24:07"},"new":["1. Underlines the importance of creating a","more transparent, stable and reliable","corporate sector, with improved corporate","governance and corporate social","responsibility to ensure better functioning","of companies and better relations with the","broad range of external stakeholders,","demonstrating its social, ethical and","environment concerns and","responsibilities, not only towards","employees and shareholders, but also","towards society at large;"],"old":["1. Underlines the importance of creating a","more transparent, stable and reliable","corporate sector able to take social and","ethical concerns into account in its","practices;"],"orig_lang":"en","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"2","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Philippe De Backer","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-3","location":[[" Draft opinion","Paragraph 1"]],"meps":[109337],"meta":{"created":"2019-07-03T05:24:07"},"new":["1. Underlines the importance of creating a","more transparent, stable and reliable","corporate sector able to take economic,","social and ethical concerns into account in","its practices;"],"old":["1. Underlines the importance of creating a","more transparent, stable and reliable","corporate sector able to take social and","ethical concerns into account in its","practices;"],"orig_lang":"nl","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"3","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Roger Helmer","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-4","location":[[" Draft opinion","Paragraph 1"]],"meps":[4516],"meta":{"created":"2019-07-03T05:24:07"},"new":["1. Underlines the importance of creating a","more transparent and accountable","corporate sector able to take social and","ethical concerns into account in its","practices;"],"old":["1. Underlines the importance of creating a","more transparent, stable and reliable","corporate sector able to take social and","ethical concerns into account in its","practices;"],"orig_lang":"en","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"4","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Roger Helmer","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-5","location":[[" Draft opinion","Paragraph 1 a (new)"]],"meps":[4516],"meta":{"created":"2019-07-03T05:24:08"},"new":["1a. Is of the view however that good","governance on its own cannot prevent","from excessive risk taking; calls therefore","for independent audit and flexible rules","respecting the different corporate cultures","in the EU;"],"old":["",""],"orig_lang":"en","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"5","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Traian Ungureanu","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-6","location":[["Draft opinion","Paragraph 1 a (new)"]],"meps":[96835],"meta":{"created":"2019-07-03T05:24:08"},"new":["1a. Points out that corporate governance","is to create and ensure a sound business","environment where the responsibility and","respect for work are in equilibrium with a","sound development of companies that","create more jobs and lead to economic","and social stability;"],"orig_lang":"en","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"6","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Thomas H\u00e4ndel","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-7","location":[["Draft opinion","Paragraph 1 a (new)"]],"meps":[96851],"meta":{"created":"2019-07-03T05:24:08"},"new":["1a. Points out that the two-tier company","structures existing in many EU Member","States must be treated in the same way as","single-tier structures;"],"orig_lang":"de","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"7","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Philippe De Backer","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-8","location":[[" Draft opinion","Paragraph 1 a (new)"]],"meps":[109337],"meta":{"created":"2019-07-03T05:24:08"},"new":["1a. Considers that, in the wake of the","financial crisis, lessons can be learned","from the principal bankruptcies in the","business world;"],"orig_lang":"nl","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"8","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Philippe De Backer","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-9","location":[[" Draft opinion","Paragraph 1 b (new)"]],"meps":[109337],"meta":{"created":"2019-07-03T05:24:08"},"new":["1b. Advocates, nonetheless, a certain","restraint in this context and calls for every","legislative proposal to be assessed very","critically in the light of the objectives to be","attained and the cost-benefit ratio of such","proposals;"],"orig_lang":"nl","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"9","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Philippe De Backer","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-10","location":[[" Draft opinion","Paragraph 1 c (new)"]],"meps":[109337],"meta":{"created":"2019-07-03T05:24:08"},"new":["1c. Stresses the need to achieve better","functioning of, and compliance with,","existing governance rules and","recommendations rather than imposing","binding European corporate governance","rules;"],"orig_lang":"nl","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"10","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Philippe De Backer","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-11","location":[["Draft opinion","Paragraph 1 d (new)"]],"meps":[109337],"meta":{"created":"2019-07-03T05:24:08"},"new":["1d. Does not consider a \u2018one size fits all","approach\u2019 to be helpful in view of the","considerable diversity of companies","within Europe and in particular the","difference between listed and unlisted","companies;"],"orig_lang":"nl","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"11","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Philippe De Backer","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-12","location":[["Draft opinion","Paragraph 1 e (new)"]],"meps":[109337],"meta":{"created":"2019-07-03T05:24:08"},"new":["1e. Is convinced that voluntary codes of","conduct are the most efficient way of","achieving good corporate governance;"],"orig_lang":"nl","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"12","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Philippe De Backer","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-13","location":[["Draft opinion","Paragraph 1 f (new)"]],"meps":[109337],"meta":{"created":"2019-07-03T05:24:08"},"new":["1f. Expresses a preference, in this context,","for the \u2018comply or explain\u2019method;","considers that, as part of this, businesses","which have a justified reason not to","comply with corporate governance","regulations should explain in detail the","decisions in question and describe the","alternative solutions that they have","adopted;"],"old":[""],"orig_lang":"nl","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"13","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Philippe De Backer","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-14","location":[[" Draft opinion","Paragraph 1 g (new)"]],"meps":[109337],"meta":{"created":"2019-07-03T05:24:08"},"new":["1g. Considers that this \u2018comply or","explain\u2019 method will benefit most from a","monitoring system which assigns priority","to transparency and under which it is","possible to ensure that information is","reliable and of high quality;"],"orig_lang":"nl","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"14","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Kinga G\u00f6ncz","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-15","location":[[" Draft opinion","Paragraph 2"]],"meps":[96832],"meta":{"created":"2019-07-03T05:24:08"},"new":["2. Points out that corporate governance","should, among other things, facilitate","relations with employees, who contribute","to, and are dependent on, their company\u2019s","success and performance, and is","disappointed that this aspect was","completely ignored in the Green Paper; is","of the opinion that corporate governance","should put more emphasis on the","proactive protection of employees\u2019","physical and psychological health to the","extent that they concern organisational","effectiveness, as well as ethical, moral,","legal, and financial aspects of","responsibility for human resources;"],"old":["2. Points out that corporate governance","should, among other things, facilitate","relations with employees, who contribute","to, and are dependent on, their company\u2019s","success and performance, and is","disappointed that this aspect was","completely ignored in the Green Paper;","",""],"orig_lang":"en","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"15","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Thomas H\u00e4ndel","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-16","location":[["Draft opinion","Paragraph 2"]],"meps":[96851],"meta":{"created":"2019-07-03T05:24:08"},"new":["2. Points out that corporate governance","should, among other things, facilitate","relations with employees, who contribute","to, and are dependent on, their company\u2019s","success and performance and that","codetermination procedures are hence an","integral part of corporate governance;"],"old":["2. Points out that corporate governance","should, among other things, facilitate","relations with employees, who contribute","to, and are dependent on, their company\u2019s","success and performance, and is","disappointed that this aspect was","completely ignored in the Green Paper;"],"orig_lang":"de","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"16","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Philippe De Backer","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-17","location":[["Draft opinion","Paragraph 2"]],"meps":[109337],"meta":{"created":"2019-07-03T05:24:09"},"new":["2. Points out that corporate governance can","facilitate relations with a company\u2019s","various stakeholders, including","employees, who contribute to, and are","dependent on, their company\u2019s success and","performance;"],"old":["2. Points out that corporate governance","should, among other things, facilitate","relations with employees, who contribute","to, and are dependent on, their company\u2019s","success and performance, and is","disappointed that this aspect was","completely ignored in the Green Paper;"],"orig_lang":"nl","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"17","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Edit Bauer","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-18","location":[[" Draft opinion","Paragraph 2"]],"meps":[23866],"meta":{"created":"2019-07-03T05:24:09"},"new":["2. Points out that corporate governance","should, among other things, promote","regular dialogue with employees, who","contribute to, and are dependent on, their","company\u2019s success and performance;"],"old":["2. Points out that corporate governance","should, among other things, facilitate","relations with employees, who contribute","to, and are dependent on, their company\u2019s","success and performance, and is","disappointed that this aspect was","completely ignored in the Green Paper;"],"orig_lang":"en","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"18","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Antigoni Papadopoulou","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-19","location":[[" Draft opinion","Paragraph 2"]],"meps":[97050],"meta":{"created":"2019-07-03T05:24:09"},"new":["2. Points out that corporate governance","should, among other things, facilitate","relations with employees, who contribute","to, and are dependent on, their company\u2019s","success and performance, and is","disappointed that this aspect is","underestimated in the Green Paper;"],"old":["2. Points out that corporate governance","should, among other things, facilitate","relations with employees, who contribute","to, and are dependent on, their company\u2019s","success and performance, and is","disappointed that this aspect was","completely ignored in the Green Paper;"],"orig_lang":"en","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"19","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Roger Helmer","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-20","location":[[" Draft opinion","Paragraph 2"]],"meps":[4516],"meta":{"created":"2019-07-03T05:24:09"},"new":["2. Points out that corporate governance","should, among other things, facilitate","communication with employees, who","contribute to, and are dependent on, their","company\u2019s success and performance, and","is disappointed that this aspect was","completely ignored in the Green Paper;"],"old":["2. Points out that corporate governance","should, among other things, facilitate","relations with employees, who contribute","to, and are dependent on, their company\u2019s","success and performance, and is","disappointed that this aspect was","completely ignored in the Green Paper;"],"orig_lang":"en","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"20","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Thomas H\u00e4ndel","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-21","location":[["Draft opinion","Paragraph 2 a (new)"]],"meps":[96851],"meta":{"created":"2019-07-03T05:24:09"},"new":["2a. Subscribes to the OECD definition of","2004, which states that corporate","governance \u2018involves the entire set of","relationships between a company\u2019s","management, its board, its shareholders","and other stakeholders\u2019;"],"orig_lang":"de","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"21","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Jutta Steinruck, Alejandro Cercas","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-22","location":[["Draft opinion","Paragraph 2 a (new)"]],"meps":[96831,4337],"meta":{"created":"2019-07-03T05:24:09"},"new":["2a. Takes the view that the 2004 OECD","definition of corporate governance should","be adopted regarding the entire set of","relations between a company\u2019s","management, its board, its shareholders","and other stakeholders;"],"orig_lang":"de","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"22","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Antigoni Papadopoulou","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-23","location":[[" Draft opinion","Paragraph 2 a (new)"]],"meps":[97050],"meta":{"created":"2019-07-03T05:24:09"},"new":["2a. Underlines that the effective","regulation of corporate governance","should be based on principles such as","clarity, harmonization, transparency,","enforcement and sanction, on effective","functioning of the board of directors, on","appropriate shareholders\u2019 engagement","and on efficient monitoring and","enforcement of corporate governance","codes;"],"orig_lang":"en","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"23","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Jutta Steinruck, Alejandro Cercas","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-24","location":[[" Draft opinion","Paragraph 3"]],"meps":[96831,4337],"meta":{"created":"2019-07-03T05:24:09"},"new":["3. Is of the opinion that employee","participation in information, consultation","and decision-making should be promoted","and strengthened, as should co-","determination schemes; notes that their","privileged insight into internal company","procedures enables employee","representatives to contribute significantly","to diversity and quality on supervisory","boards;"],"old":["3. Is of the opinion that employee","participation in decision-making should be","promoted and strengthened, as should co-","determination schemes;"],"orig_lang":"de","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"24","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Traian Ungureanu","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-25","location":[["Draft opinion","Paragraph 3"]],"meps":[96835],"meta":{"created":"2019-07-03T05:24:09"},"new":["3. Considers that employee participation in","decision-making process should be","promoted, especially in the case of SMEs;","believes that increased levels of","participation can be used as a","motivational tool for the employees, if it is","beneficial for the future development of","the company and individual upgrading of","the workers;"],"old":["3. Is of the opinion that employee","participation in decision-making should be","promoted and strengthened, as should co-","determination schemes;"],"orig_lang":"en","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"25","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Sergio Guti\u00e9rrez Prieto","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-26","location":[["Draft opinion","Paragraph 3"]],"meps":[103488],"meta":{"created":"2019-07-03T05:24:09"},"new":["3. Is of the opinion that employee","participation in decision-making should be","promoted and strengthened, as should co-","determination schemes since relating","corporate strategies to the long term will","help make them more sustainable;"],"old":["3. Is of the opinion that employee","participation in decision-making should be","promoted and strengthened, as should co-","determination schemes;"],"orig_lang":"es","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"26","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Philippe De Backer","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-27","location":[["Draft opinion","Paragraph 3"]],"meps":[109337],"meta":{"created":"2019-07-03T05:24:09"},"new":["3. Is of the opinion that employee","participation in decision-making should be","respected in line with national and","European law, as should co-determination","schemes;"],"old":["3. Is of the opinion that employee","participation in decision-making should be","promoted and strengthened, as should co-","determination schemes;"],"orig_lang":"nl","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"27","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Rovana Plumb","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-28","location":[[" Draft opinion","Paragraph 3 a (new)"]],"meps":[38595],"meta":{"created":"2019-07-03T05:24:09"},"new":["3a. Calls for European minimum","standards for worker participation in","order to strengthen the implementation of","worker information and consultation","rights in the EU and to confirm that the","EU respects and promotes different forms","of board level representation in European","legal entities and in the Members States;"],"orig_lang":"en","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"28","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Sergio Guti\u00e9rrez Prieto","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-29","location":[[" Draft opinion","Paragraph 3 a (new)"]],"meps":[103488],"meta":{"created":"2019-07-03T05:24:10"},"new":["3a. Is of the opinion that the Commission","should establish minimum EU-wide","standards for employee participation and","representation on boards of directors, in","order to strengthen their access to","information and their right to be","consulted and heard on corporate","decisions;"],"old":["",""],"orig_lang":"es","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"29","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Philippe De Backer","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-30","location":[["Draft opinion","Paragraph 4"]],"meps":[109337],"meta":{"created":"2019-07-03T05:24:10"},"new":["deleted"],"old":["4. Supports legally binding corporate","governance measures covering listed and","unlisted companies;"],"orig_lang":"nl","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"30","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Roger Helmer","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-31","location":[["Draft opinion","Paragraph 4"]],"meps":[4516],"meta":{"created":"2019-07-03T05:24:10"},"new":["4. Supports better corporate governance in","form of non-binding code of conduct and","exchange of best practices;"],"old":["4. Supports legally binding corporate","governance measures covering listed and","unlisted companies;"],"orig_lang":"en","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"31","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Edit Bauer","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-32","location":[["Draft opinion","Paragraph 4"]],"meps":[23866],"meta":{"created":"2019-07-03T05:24:10"},"new":["4. Supports strictly applied \u2018comply or","explain\u2019 corporate governance measures","covering listed and also unlisted companies","which are of a considerable size;"],"old":["4. 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Supports a differentiated and","proportionate regime for small and","medium sized listed companies;"],"orig_lang":"en","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"33","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Traian Ungureanu","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-34","location":[[" Draft opinion","Paragraph 5"]],"meps":[96835],"meta":{"created":"2019-07-03T05:24:10"},"new":["deleted"],"old":["5. 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Points out that members\u2019 profiles,","different leadership experiences,","international, national or regional","professional backgrounds contribute to","enhancing the effective functionality of","the board of directors;"],"orig_lang":"en","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"46","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Filiz Hakaeva Hyusmenova","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-47","location":[["Draft opinion","Paragraph 5 a (new)"]],"meps":[34249],"meta":{"created":"2019-07-03T05:24:11"},"new":["5a. 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\u2013 indent 1 a (new)"]],"meps":[103488],"meta":{"created":"2019-07-03T05:24:12"},"new":["\u2013 disclosure of a comparison of","managers\u2019 salaries with the average pay","of the company\u2019s employees;"],"orig_lang":"es","peid":"PE473.895v01-00","reference":"2011/2181(INI)","seq":"63","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-473.895+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Philippe De Backer","changes":{},"committee":["EMPL"],"date":"2011-10-13T00:00:00","id":"PE473.895-64","location":[[" Draft opinion","Paragraph 7 \u2013 indent 2"]],"meps":[109337],"meta":{"created":"2019-07-03T05:24:12"},"new":["\u2013 external evaluation of the boards and","management committees of listed","companies, to be carried out at least every","three years, along with an (annual)","evaluation carried out by the board itself in","accordance with the Commission\u2019s","recommendations1;"],"old":["\u2013 external evaluation of listed companies,","to be 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Takes the view that companies which","decide to depart from the corporate","governance codes should be required to","provide detailed explanations of such","decisions and to describe the alternative","solutions adopted, while national","monitoring bodies should have more say","on companies\u2019 corporate governance","statements."],"old":["8. 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Stresses that it is absolutely necessary","that the functions of CEO and Chair of the","Board be split and defined;"],"orig_lang":"ro","peid":"PE476.102v01-00","reference":"2011/2181(INI)","seq":"14","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-476.102+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Rolandas Paksas","changes":{},"committee":["ITRE"],"date":"2011-11-25T00:00:00","id":"PE476.102-15","location":[[" Draft opinion","Paragraph 3"]],"meps":[96694],"meta":{"created":"2019-07-03T05:33:06"},"new":["3. Stresses that it is absolutely necessary","that the functions of CEO and Chair of the","Board be split and defined; considers that","it is up to companies (shareholders and","boards) to decide whether or not to split","these functions and duties, taking into","account the specific features of company","law in the Member States and of internal","business organisation;"],"old":["3. 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Supports the requirement for public","disclosure on diversity policy and the","introduction of a minimum gender","balance of 1/3;"],"orig_lang":"lt","peid":"PE476.102v01-00","reference":"2011/2181(INI)","seq":"20","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-476.102+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Herbert Reul","changes":{},"committee":["ITRE"],"date":"2011-11-25T00:00:00","id":"PE476.102-21","location":[[" Draft opinion","Paragraph 4"]],"meps":[28225],"meta":{"created":"2019-07-03T05:33:06"},"new":["4. Supports the requirement for public","disclosure on diversity policy and calls for","the increase of women in boards by means","of soft law instruments;"],"old":["4. Supports the requirement for public","disclosure on diversity policy and the","introduction of a minimum gender","balance of 1/3;"],"orig_lang":"en","peid":"PE476.102v01-00","reference":"2011/2181(INI)","seq":"21","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-476.102+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Bendt Bendtsen","changes":{},"committee":["ITRE"],"date":"2011-11-25T00:00:00","id":"PE476.102-22","location":[["Draft opinion","Paragraph 4"]],"meps":[96705],"meta":{"created":"2019-07-03T05:33:07"},"new":["4. Supports the requirement for public","disclosure on diversity policy in order to","promote better gender balance;"],"old":["4. Supports the requirement for public","disclosure on diversity policy and the","introduction of a minimum gender balance","of 1/3;"],"orig_lang":"en","peid":"PE476.102v01-00","reference":"2011/2181(INI)","seq":"22","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-476.102+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Silvia-Adriana \u0142ic\u0103u","changes":{},"committee":["ITRE"],"date":"2011-11-25T00:00:00","id":"PE476.102-23","location":[["Draft opinion","Paragraph 4"]],"meps":[36281],"meta":{"created":"2019-07-03T05:33:07"},"new":["4. Supports the requirement for public","disclosure on diversity policy and for","women\u2019s presence on boards to be","increased to 30% by 2015 and 40% by","2020;"],"old":["4. Supports the requirement for public","disclosure on diversity policy and the","introduction of a minimum gender","balance of 1/3;"],"orig_lang":"ro","peid":"PE476.102v01-00","reference":"2011/2181(INI)","seq":"23","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-476.102+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Francesco De Angelis","changes":{},"committee":["ITRE"],"date":"2011-11-25T00:00:00","id":"PE476.102-24","location":[["Draft opinion","Paragraph 4"]],"meps":[96887],"meta":{"created":"2019-07-03T05:33:07"},"new":["4. Supports the requirement for public","disclosure on diversity policy and the","introduction of a minimum gender balance","of 1/3 on boards; underlines also the need","for appropriate measures such as","childcare arrangements to make gender","diversity a reality;"],"old":["4. Supports the requirement for public","disclosure on diversity policy and the","introduction of a minimum gender balance","","of 1/3;"],"orig_lang":"en","peid":"PE476.102v01-00","reference":"2011/2181(INI)","seq":"24","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-476.102+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Francesco De Angelis","changes":{},"committee":["ITRE"],"date":"2011-11-25T00:00:00","id":"PE476.102-25","location":[[" Draft opinion","Paragraph 4 a (new)"]],"meps":[96887],"meta":{"created":"2019-07-03T05:33:07"},"new":["4a. Board diversity should not be limited","to gender, better employee representation","on boards is one way of ensuring this","diversity;"],"orig_lang":"en","peid":"PE476.102v01-00","reference":"2011/2181(INI)","seq":"25","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-476.102+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Andreas M\u00f6lzer","changes":{},"committee":["ITRE"],"date":"2011-11-25T00:00:00","id":"PE476.102-26","location":[[" Draft opinion","Paragraph 4 a (new)"]],"meps":[28255],"meta":{"created":"2019-07-03T05:33:07"},"new":["4a. Believes that every company should be","required to publish an annual report","setting out the ways in which it has been","socially and environmentally active","during the preceding year;"],"orig_lang":"de","peid":"PE476.102v01-00","reference":"2011/2181(INI)","seq":"26","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-476.102+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Gunnar H\u00f6kmark","changes":{},"committee":["ITRE"],"date":"2011-11-25T00:00:00","id":"PE476.102-27","location":[["Draft opinion","Paragraph 5"]],"meps":[28124],"meta":{"created":"2019-07-03T05:33:07"},"new":["5. Underlines that it is the competence of","the annual shareholders\u2019 meeting to","appoint members of the board that","represent competences and skills vital to","the specific company;"],"old":["5. Believes that the number of board seats","held by board members should be limited","to two at any one time, and that the","inclusion of \u2018grey directors\u2019 should be","phased out;"],"orig_lang":"en","peid":"PE476.102v01-00","reference":"2011/2181(INI)","seq":"27","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-476.102+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Bendt Bendtsen","changes":{},"committee":["ITRE"],"date":"2011-11-25T00:00:00","id":"PE476.102-28","location":[["Draft opinion","Paragraph 5"]],"meps":[96705],"meta":{"created":"2019-07-03T05:33:07"},"new":["5. Believes that the inclusion of \u2018grey","directors\u2019 should be phased out;"],"old":["5. Believes that the number of board seats","held by board members should be limited","to two at any one time, and that the","inclusion of \u2018grey directors\u2019 should be","phased out;"],"orig_lang":"en","peid":"PE476.102v01-00","reference":"2011/2181(INI)","seq":"28","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-476.102+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Herbert Reul","changes":{},"committee":["ITRE"],"date":"2011-11-25T00:00:00","id":"PE476.102-29","location":[["Draft opinion","Paragraph 5"]],"meps":[28225],"meta":{"created":"2019-07-03T05:33:07"},"new":["5. Believes that the number of board seats","held by board members should be limited,","and that the inclusion of \u2018grey directors\u2019","should be phased out;"],"old":["5. Believes that the number of board seats","held by board members should be limited","to two at any one time, and that the","inclusion of \u2018grey directors\u2019 should be","phased out;"],"orig_lang":"en","peid":"PE476.102v01-00","reference":"2011/2181(INI)","seq":"29","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-476.102+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Silvia-Adriana \u0142ic\u0103u","changes":{},"committee":["ITRE"],"date":"2011-11-25T00:00:00","id":"PE476.102-30","location":[[" Draft opinion","Paragraph 5"]],"meps":[36281],"meta":{"created":"2019-07-03T05:33:07"},"new":["5. Believes that the number of board seats","held by board members should be limited","to two at any one time;"],"old":["5. Believes that the number of board seats","held by board members should be limited","to two at any one time, and that the","inclusion of \u2018grey directors\u2019 should be","phased out;"],"orig_lang":"ro","peid":"PE476.102v01-00","reference":"2011/2181(INI)","seq":"30","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-476.102+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Andr\u00e1s Gy\u00fcrk","changes":{},"committee":["ITRE"],"date":"2011-11-25T00:00:00","id":"PE476.102-31","location":[[" Draft opinion","Paragraph 6"]],"meps":[23816],"meta":{"created":"2019-07-03T05:33:07"},"new":["6. Supports the adoption, before its re-","election, of an evaluation report on a board","which should be issued to shareholders;"],"old":["6. Supports the adoption, before its re-","election, of an external evaluation report","on a board which should be issued to","shareholders; believes that annual internal","self-assessments should also take place;"],"orig_lang":"en","peid":"PE476.102v01-00","reference":"2011/2181(INI)","seq":"31","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-476.102+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Reinhard B\u00fctikofer on behalf of the Verts/ALE Group","changes":{},"committee":["ITRE"],"date":"2011-11-25T00:00:00","id":"PE476.102-32","location":[[" Draft opinion","Paragraph 7"]],"meps":[96739],"meta":{"created":"2019-07-03T05:33:07"},"new":["7. Believes that risk management should be","at the heart of CG and should be listed as a","major director\u2019s responsibility; believes","that risk-management must also cover","non-financial risks related to climate","change, human rights violations","and environmental damage;"],"old":["7. Believes that risk management should be","","at the heart of CG and should be listed as a","major director\u2019s responsibility;"],"orig_lang":"en","peid":"PE476.102v01-00","reference":"2011/2181(INI)","seq":"32","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-476.102+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Silvia-Adriana \u0142ic\u0103u","changes":{},"committee":["ITRE"],"date":"2011-11-25T00:00:00","id":"PE476.102-33","location":[["Draft opinion","Paragraph 7"]],"meps":[36281],"meta":{"created":"2019-07-03T05:33:07"},"new":["7. Believes that risk management should be","at the heart of CG and should be listed as a","major responsibility of the director and the","board;"],"old":["7. Believes that risk management should be","at the heart of CG and should be listed as a","major director\u2019s responsibility;"],"orig_lang":"ro","peid":"PE476.102v01-00","reference":"2011/2181(INI)","seq":"33","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-476.102+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Se\u00e1n Kelly","changes":{},"committee":["ITRE"],"date":"2011-11-25T00:00:00","id":"PE476.102-34","location":[["Draft opinion","Paragraph 7 a (new)"]],"meps":[96668],"meta":{"created":"2019-07-03T05:33:07"},"new":["7a. Believes that boards should take","appropriate measures to counteract the","pervasiveness of short-termism in CG,","specifically with regard to the design of","asset management contracts;"],"orig_lang":"en","peid":"PE476.102v01-00","reference":"2011/2181(INI)","seq":"34","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-476.102+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Reinhard B\u00fctikofer","changes":{},"committee":["ITRE"],"compromise":[" on behalf of the Verts/ALE Group"],"date":"2011-11-25T00:00:00","id":"PE476.102-35","location":[[" Draft opinion","Paragraph 8"]],"meps":[96739],"meta":{"created":"2019-07-03T05:33:07"},"new":["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;"],"old":["8. Is strongly in favour of a European","mechanism to help issuers identify their","shareholders in order to facilitate dialogue","on CG issues;"],"orig_lang":"en","peid":"PE476.102v01-00","reference":"2011/2181(INI)","seq":"35","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-476.102+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Rolandas Paksas","changes":{},"committee":["ITRE"],"date":"2011-11-25T00:00:00","id":"PE476.102-36","location":[[" Draft opinion","Paragraph 8"]],"meps":[96694],"meta":{"created":"2019-07-03T05:33:07"},"new":["8. Is strongly in favour of a European","mechanism to help issuers identify their","shareholders in order to facilitate dialogue","on CG issues and rule out possible abuses","stemming from empty voting;"],"old":["8. Is strongly in favour of a European","mechanism to help issuers identify their","shareholders in order to facilitate dialogue","on CG issues;"],"orig_lang":"lt","peid":"PE476.102v01-00","reference":"2011/2181(INI)","seq":"36","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-476.102+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Rolandas Paksas","changes":{},"committee":["ITRE"],"date":"2011-11-25T00:00:00","id":"PE476.102-37","location":[[" Draft opinion","Paragraph 9"]],"meps":[96694],"meta":{"created":"2019-07-03T05:33:08"},"new":["9. Supports the creation of greater","protection for minority shareholders, while","including measures to avoid abuse and to","encourage shareholders to focus on their","company\u2019s long-term financial results;"],"old":["9. Supports the creation of greater","protection for minority shareholders, while","","including measures to avoid abuse;"],"orig_lang":"lt","peid":"PE476.102v01-00","reference":"2011/2181(INI)","seq":"37","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-476.102+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Reinhard B\u00fctikofer on behalf of the Verts/ALE Group","changes":{},"committee":["ITRE"],"date":"2011-11-25T00:00:00","id":"PE476.102-38","location":[["Draft opinion","Paragraph 9 a (new)"]],"meps":[96739],"meta":{"created":"2019-07-03T05:33:08"},"new":["9a. Suggests banning severance pay in","case of non-performance or voluntary","departure and that directors\u2019 severance","pay in case of early termination (\u2018golden","parachutes\u2019) should not exceed the","equivalent of 6 months non variable","remuneration;"],"orig_lang":"en","peid":"PE476.102v01-00","reference":"2011/2181(INI)","seq":"38","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-476.102+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Bernd Lange","changes":{},"committee":["ITRE"],"date":"2011-11-25T00:00:00","id":"PE476.102-39","location":[["Draft opinion","Paragraph 9 a (new)"]],"meps":[1909],"meta":{"created":"2019-07-03T05:33:08"},"new":["9a. Believes that employees should be","involved in company boards in the","manner required to provide a longer-term","perspective;"],"orig_lang":"de","peid":"PE476.102v01-00","reference":"2011/2181(INI)","seq":"39","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-476.102+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Henri Weber","changes":{},"committee":["ITRE"],"date":"2011-11-25T00:00:00","id":"PE476.102-40","location":[[" Draft opinion","Paragraph 9 a (new)"]],"meps":[2319],"meta":{"created":"2019-07-03T05:33:08"},"new":["9a. Takes the view that initiatives in the","field of Community company law should","support the creation and development of a","European model of corporate governance","that encourages company boards to move","towards the creation of long-term values,","labour relations based on a high degree of","trust, worker involvement in the","company's decision-making process and","social responsibility;"],"orig_lang":"fr","peid":"PE476.102v01-00","reference":"2011/2181(INI)","seq":"40","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-476.102+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Henri Weber","changes":{},"committee":["ITRE"],"date":"2011-11-25T00:00:00","id":"PE476.102-41","location":[[" Draft opinion","Paragraph 9 b (new)"]],"meps":[2319],"meta":{"created":"2019-07-03T05:33:08"},"new":["9b. Hopes, therefore, that a specific role","will be assigned to workers in the","company's decision-making system,","through their trade unions and/or works","committees; takes the view that the","existing systems establishing worker","involvement in decisions need to be","strengthened to guarantee that the point","of view of workers' representatives is","taken into account as a mandatory","requirement;"],"orig_lang":"fr","peid":"PE476.102v01-00","reference":"2011/2181(INI)","seq":"41","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-476.102+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Henri Weber","changes":{},"committee":["ITRE"],"date":"2011-11-25T00:00:00","id":"PE476.102-42","location":[["Draft opinion","Paragraph 9 c (new)"]],"meps":[2319],"meta":{"created":"2019-07-03T05:33:08"},"new":["9c. 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Calls, therefore, for the Union to","formally recognise that workers have a","specific interest in being able to","participate in corporate governance and","for it to define minimum rules at","European level, and strongly urges that","present rights to participation (and their","effective implementation) at national level","be maintained;"],"orig_lang":"fr","peid":"PE476.102v01-00","reference":"2011/2181(INI)","seq":"43","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-476.102+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Cornelis de Jong","changes":{},"committee":["IMCO"],"date":"2011-12-20T00:00:00","id":"PE478.509-1","location":[["Draft opinion","Paragraph 1"]],"meta":{"created":"2019-07-03T05:37:05"},"new":["1. Takes the view, as also emphasised by","the Commission in its Communication","Towards a Single Market Act, that it is of","paramount importance that European","business demonstrates the utmost","responsibility not only towards their","employees and shareholders but also","towards society at large;"],"old":["1. Takes the view that corporate","governance should help promote","sustainable growth in the internal market;"],"orig_lang":"en","peid":"PE478.509v02-00","reference":"2011/2181(INI)","seq":"1","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.509+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Barbara Weiler","changes":{},"committee":["IMCO"],"date":"2011-12-20T00:00:00","id":"PE478.509-2","location":[["Draft opinion","Paragraph 1"]],"meps":[1907],"meta":{"created":"2019-07-03T05:37:05"},"new":["1. Takes the view that corporate","governance should help promote","sustainable growth in the internal market to","be orientated towards long-term","investment-strategies for sustainable","growth and social responsibility."],"old":["1. Takes the view that corporate","governance should help promote","sustainable growth in the internal market;"],"orig_lang":"en","peid":"PE478.509v02-00","reference":"2011/2181(INI)","seq":"2","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.509+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Rolandas Paksas","changes":{},"committee":["IMCO"],"date":"2011-12-20T00:00:00","id":"PE478.509-3","location":[["Draft opinion","Paragraph 1"]],"meps":[96694],"meta":{"created":"2019-07-03T05:37:05"},"new":["1. Takes the view that corporate","governance should help promote","sustainable growth in the internal market","and create added value in the long term;"],"old":["1. Takes the view that corporate","governance should help promote","sustainable growth in the internal market"],"orig_lang":"lt","peid":"PE478.509v02-00","reference":"2011/2181(INI)","seq":"3","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.509+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Emma McClarkin","changes":{},"committee":["IMCO"],"date":"2011-12-20T00:00:00","id":"PE478.509-4","location":[[" Draft opinion","Paragraph 1"]],"meps":[96919],"meta":{"created":"2019-07-03T05:37:05"},"new":["1. Takes the view that effective corporate","governance should help promote growth","and competiveness in the single market;"],"old":["1. Takes the view that corporate","governance should help promote","sustainable growth in the internal market;"],"orig_lang":"en","peid":"PE478.509v02-00","reference":"2011/2181(INI)","seq":"4","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.509+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Cornelis de Jong","changes":{},"committee":["IMCO"],"date":"2011-12-20T00:00:00","id":"PE478.509-5","location":[[" Draft opinion","Paragraph 1 a (new)"]],"meta":{"created":"2019-07-03T05:37:05"},"new":["1 a. In this respect, underlines that","corporate governance plays a key role in","achieving such responsible behaviour and","in promoting sustainable growth in the","internal market, especially if corporate","governance reflects, in a balanced","manner, the interests of the employees,","the shareholders and the long-term","stability of the company, as well as the","interests of society at large."],"orig_lang":"en","peid":"PE478.509v02-00","reference":"2011/2181(INI)","seq":"5","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.509+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Anna Maria Corazza Bildt, Konstantinos Poupakis","changes":{},"committee":["IMCO"],"date":"2011-12-20T00:00:00","id":"PE478.509-6","location":[["Draft opinion","Paragraph 1 a (new)"]],"meps":[96674,96658],"meta":{"created":"2019-07-03T05:37:05"},"new":["1 a. Calls on the business community to","take their shared responsibility and to step","up their commitment in promoting","sustainable consumption as an integral","part of their company strategy;"],"orig_lang":"en","peid":"PE478.509v02-00","reference":"2011/2181(INI)","seq":"6","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.509+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Emma McClarkin","changes":{},"committee":["IMCO"],"date":"2011-12-20T00:00:00","id":"PE478.509-7","location":[["Draft opinion","Paragraph 2"]],"meps":[96919],"meta":{"created":"2019-07-03T05:37:05"},"new":["2. Calls on the Commission, companies,","shareholders and national regulators to","strengthen the diversity of company","boards and hence stimulate debate and","foster the emergence of new ideas;"],"old":["2. Calls on the Commission to bring","forward measures that strengthen diversity","in terms of professional and social","background, and hence to stimulate debate","and foster the emergence of new ideas","within their boards of directors;"],"orig_lang":"en","peid":"PE478.509v02-00","reference":"2011/2181(INI)","seq":"7","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.509+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Olle Schmidt","changes":{},"committee":["IMCO"],"date":"2011-12-20T00:00:00","id":"PE478.509-8","location":[["Draft opinion","Paragraph 2"]],"meps":[4274],"meta":{"created":"2019-07-03T05:37:06"},"new":["2. Calls on the Commission to bring","forward proposals on incentives","for strengthened diversity in terms of","professional and social background, with","the aim to encourage companies","to stimulate debate and foster the","emergence of new ideas within their boards","of directors;"],"old":["2. Calls on the Commission to bring","forward measures that strengthen","diversity in terms of professional and","social background, and hence to stimulate","debate and foster the emergence of new","ideas within their boards of directors;"],"orig_lang":"en","peid":"PE478.509v02-00","reference":"2011/2181(INI)","seq":"8","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.509+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Rolandas Paksas","changes":{},"committee":["IMCO"],"date":"2011-12-20T00:00:00","id":"PE478.509-9","location":[[" Draft opinion","Paragraph 2"]],"meps":[96694],"meta":{"created":"2019-07-03T05:37:06"},"new":["2. Calls on the Commission to bring","forward measures that strengthen diversity","in terms of professional and social","background, and hence to stimulate debate","and foster the emergence of new ideas","within their boards of directors; calls on","the Commission to apply to corporate","governance principles such as corporate","social responsibility and commitments to","ensuring a \u2018social balance\u2019 and to sharing","of profits, which are fundamental to this","governance;"],"old":["2. 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Calls on the Commission to bring","forward measures that strengthen diversity","in terms of professional and social","background, and hence to stimulate debate","and foster the emergence of new ideas","within their boards of directors;"],"orig_lang":"en","peid":"PE478.509v02-00","reference":"2011/2181(INI)","seq":"10","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.509+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Cornelis de Jong","changes":{},"committee":["IMCO"],"date":"2011-12-20T00:00:00","id":"PE478.509-11","location":[["Draft opinion","Paragraph 2 a (new)"]],"meta":{"created":"2019-07-03T05:37:06"},"new":["2 a. Underlines that non-executive","directors should dedicate sufficient time to","their duties; calls on the Commission to","put forward a measure at EU level that","limits the number of mandates a non-","executive director may hold","simultaneously."],"orig_lang":"en","peid":"PE478.509v02-00","reference":"2011/2181(INI)","seq":"11","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.509+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Anna Maria Corazza Bildt, Konstantinos Poupakis","changes":{},"committee":["IMCO"],"date":"2011-12-20T00:00:00","id":"PE478.509-12","location":[["Draft opinion","Paragraph 2 a (new)"]],"meps":[96674,96658],"meta":{"created":"2019-07-03T05:37:06"},"new":["2 a. 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Calls on companies to ensure that more","\u2018sales\u2019 and \u2018marketing\u2019 professionals sit","on their boards of directors in order to","make corporate governance more","responsive to consumer needs and","interests;"],"orig_lang":"en","peid":"PE478.509v02-00","reference":"2011/2181(INI)","seq":"13","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.509+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Emma McClarkin","changes":{},"committee":["IMCO"],"date":"2011-12-20T00:00:00","id":"PE478.509-14","location":[[" Draft opinion","Paragraph 3"]],"meps":[96919],"meta":{"created":"2019-07-03T05:37:06"},"new":["3. Calls on companies to ensure that","corporate governance is more responsive to","consumer needs and interests;"],"old":["3. Calls on companies to ensure that more","\u2018sales\u2019 and \u2018marketing\u2019 professionals sit","on their boards of directors in order to","make corporate governance more","responsive to consumer needs and","interests;"],"orig_lang":"en","peid":"PE478.509v02-00","reference":"2011/2181(INI)","seq":"14","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.509+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Cornelis de Jong","changes":{},"committee":["IMCO"],"date":"2011-12-20T00:00:00","id":"PE478.509-15","location":[[" Draft opinion","Paragraph 3"]],"meta":{"created":"2019-07-03T05:37:06"},"new":["3. Calls on companies to ensure that the","interests of consumers are duly taken into","account by companies, inter alia by","regular contacts with consumer","organisations, by establishing, whenever","relevant, consumer sounding boards and","by including more \u00b4sales\u00b4 and \u00b4marketing\u00b4","professionals in their boards of directors."],"old":["3. 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Recommends that Member States","monitor whether companies provide their","shareholders with the appropriate","corporate governance statements in order","to ensure full transparency and improve","shareholder knowledge of corporate","governance practices, thus helping to","protect shareholders and citizens against","excessive risk-taking and short termism;"],"orig_lang":"en","peid":"PE478.509v02-00","reference":"2011/2181(INI)","seq":"16","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.509+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Emma McClarkin","changes":{},"committee":["IMCO"],"date":"2011-12-20T00:00:00","id":"PE478.509-17","location":[["Draft opinion","Paragraph 5"]],"meps":[96919],"meta":{"created":"2019-07-03T05:37:06"},"new":["5. Believes it important to encourage","employee involvement in companies, not","least by way of employee share-holding","schemes, in order to increase motivation","and ensure cohesion within companies;","emphasises that the board is solely","responsible and accountable for decision","making;"],"old":["5. Believes it important to increase","employee involvement in companies'","","decision-making processes, not least by","way of employee share-holding schemes,","in order to increase motivation and ensure","cohesion within companies;"],"orig_lang":"en","peid":"PE478.509v02-00","reference":"2011/2181(INI)","seq":"17","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.509+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Olle Schmidt","changes":{},"committee":["IMCO"],"date":"2011-12-20T00:00:00","id":"PE478.509-18","location":[[" Draft opinion","Paragraph 5"]],"meps":[4274],"meta":{"created":"2019-07-03T05:37:06"},"new":["5. 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Stresses that employees' involvement in","the affairs of a company contributes to the","long-term sustainability of the company;","therefore stresses the need for effective","workers' participation in companies."],"old":["5. Believes it important to increase","employee involvement in companies'","decision-making processes, not least by","way of employee share-holding schemes,","in order to increase motivation and","ensure cohesion within companies;"],"orig_lang":"en","peid":"PE478.509v02-00","reference":"2011/2181(INI)","seq":"19","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.509+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Cornelis de Jong","changes":{},"committee":["IMCO"],"date":"2011-12-20T00:00:00","id":"PE478.509-20","location":[["Draft opinion","Paragraph 5 a (new)"]],"meta":{"created":"2019-07-03T05:37:07"},"new":["5 a. Takes note of the report of the","Commission of 11 November 2011","concerning the state of implementation of","Directive 2009/38/EC on the","establishment of a European Works","Council or a procedure in Community-","scale undertakings and Community-scale","groups of undertakings for the purposes","of informing and consulting employees;"],"orig_lang":"en","peid":"PE478.509v02-00","reference":"2011/2181(INI)","seq":"20","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.509+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Cornelis de Jong","changes":{},"committee":["IMCO"],"date":"2011-12-20T00:00:00","id":"PE478.509-21","location":[["Draft opinion","Paragraph 5 b (new)"]],"meta":{"created":"2019-07-03T05:37:07"},"new":["5 b. Calls on the Commission to submit to","the European Parliament before 1","January 2013 an interim report on the","functioning of the European Works","Councils and on possible measures for","improvement, in particular, concerning","the training of members of the Councils."],"orig_lang":"en","peid":"PE478.509v02-00","reference":"2011/2181(INI)","seq":"21","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.509+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Constance Le Grip, Barbara Weiler, Philippe Juvin, Ma\u0142gorzata Handzlik","changes":{},"committee":["IMCO"],"date":"2011-12-20T00:00:00","id":"PE478.509-22","location":[[" Draft opinion","Paragraph 6"]],"meps":[101580,1907,96884,28275],"meta":{"created":"2019-07-03T05:37:07"},"new":["6. Firmly emphasises that corporate","management and remuneration policies","must be sound and responsible and comply","with the principles of wage parity and","equal treatment of women and men, in","accordance with the EU provisions in","force; calls on the Commission to bring","forward measures to ensure a more","balanced representation of women on","boards of directors, with the aim of","achieving at least 40% representation of","each gender by 2020;"],"old":["6. Firmly emphasises that corporate","management and remuneration policies","must be sound and responsible and comply","with the principles of wage parity and","equal treatment of women and men, in","accordance with the EU provisions in","force; calls on the Commission to bring","forward measures to ensure a more","balanced representation of women on","boards of directors;"],"orig_lang":"en","peid":"PE478.509v02-00","reference":"2011/2181(INI)","seq":"22","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.509+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Olle Schmidt","changes":{},"committee":["IMCO"],"date":"2011-12-20T00:00:00","id":"PE478.509-23","location":[[" Draft opinion","Paragraph 6"]],"meps":[4274],"meta":{"created":"2019-07-03T05:37:07"},"new":["6. 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Firmly emphasises that corporate","management and remuneration policies","must be sound and responsible and comply","with the principles of wage parity and","equal treatment of women and men, in","accordance with the EU provisions in","force; calls on the Commission to bring","forward measures to ensure a more","balanced representation of women on","boards of directors;"],"orig_lang":"en","peid":"PE478.509v02-00","reference":"2011/2181(INI)","seq":"24","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.509+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Anna Maria Corazza Bildt","changes":{},"committee":["IMCO"],"date":"2011-12-20T00:00:00","id":"PE478.509-25","location":[["Draft opinion","Paragraph 6"]],"meps":[96674],"meta":{"created":"2019-07-03T05:37:07"},"new":["6. 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Calls on the Commission to bring","forward proposals for the Europe-wide","harmonisation of the type and content of","information released to shareholders in","annual company reports."],"orig_lang":"en","peid":"PE478.509v02-00","reference":"2011/2181(INI)","seq":"33","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.509+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Barbara Weiler","changes":{},"committee":["IMCO"],"date":"2011-12-20T00:00:00","id":"PE478.509-34","location":[["Draft opinion","Paragraph 7 \u2013 subparagraph 1 (new)"]],"meps":[1907],"meta":{"created":"2019-07-03T05:37:08"},"new":["Welcomes the Commission's","recommendation that companies should","disclose their remuneration policy, the","result of shareholders' votes on","remuneration, and establish independent","committees on remuneration; believes","that such measures would increase","transparency and also address the","growing mismatch between performance","and executive pay;"],"orig_lang":"en","peid":"PE478.509v02-00","reference":"2011/2181(INI)","seq":"34","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.509+02+DOC+PDF+V0//EN&language=EN"},{"authors":" Rolandas Paksas","changes":{},"committee":["IMCO"],"date":"2011-12-20T00:00:00","id":"PE478.509-35","location":[[" Draft opinion","Paragraph 7 a (new)"]],"meps":[96694],"meta":{"created":"2019-07-03T05:37:08"},"new":["7 a. Calls on the Commission to adapt","good corporate governance measures to","the characteristics and needs of SMEs,","given their limited resources, particularly","in the fields of administration and human","resources."],"orig_lang":"lt","peid":"PE478.509v02-00","reference":"2011/2181(INI)","seq":"35","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.509+02+DOC+PDF+V0//EN&language=EN"},{"authors":"Mikael Gustafsson, Rodi Kratsa-Tsagaropoulou","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-1","location":[["Motion for a resolution","Citation 1 a (new)"]],"meps":[109649,4482],"meta":{"created":"2019-07-03T05:50:15"},"new":["- having regard to its resolution of 6 July","2011 on women and business leadership1,","___________","1","P7_TA-PROV(2011)0330."],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"1","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Evelyn Regner","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-2","location":[["Motion for a resolution","Paragraph 1"]],"meps":[96998],"meta":{"created":"2019-07-03T05:50:15"},"new":["1. Welcomes the Commission's revision of","the EU corporate governance framework","initiated by the Green Paper; stresses that","it could go further than applying the","\"comply and explain\" principle;"],"old":["1. Welcomes the Commission's revision of","the EU corporate governance framework","initiated by the Green Paper;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"2","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Evelyn Regner","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-3","location":[["Motion for a resolution","Paragraph 1 a (new)"]],"meps":[96998],"meta":{"created":"2019-07-03T05:50:15"},"new":["1a. Asks the Commission to establish a","system of clear rules and sanctions for","good corporate governance based on","codes of best practices, to rebalance the","current structure of corporate governance","with a view to reinforce long term","orientation and discourage financial and","other incentives for short term excessive","risk taking and irresponsible behaviour;"],"old":["",""],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"3","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Evelyn Regner","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-4","location":[[" Motion for a resolution","Paragraph 1 a (new)"]],"meps":[96998],"meta":{"created":"2019-07-03T05:50:16"},"new":["1a. Regrets the Green Paper\u2019s focus on","the unitary system and disregard for the","dual system, which is equally widely","represented in Europe; many questions","raised in the Green Paper do not arise","under the dual system, including for","example the demarcation of the respective","powers and responsibilities of the Chief","Executive Officer and the Supervisory","Board, as these are clearly demarcated by","law in dual systems;"],"orig_lang":"de","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"4","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Lichtenberger","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-5","location":[[" Motion for a resolution","Paragraph 1 a (new)"]],"meps":[28253],"meta":{"created":"2019-07-03T05:50:16"},"new":["1a. Recalls that the report of the","Reflection Group on the Future of EU","Company Law states that \"the interest of","the company (..) may have priority over","the interest of individual shareholders if","these two are in conflict and if serving the","short term interest of shareholders would","have a direct negative impact on the long-","term viability of the company\".","Brussels, 5 April 2011, available on the","Commission\u2019s website, pp 37-38"],"old":[""],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"5","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Philippe De Backer","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-6","location":[["Motion for a resolution","Paragraph 1 a (new)"]],"meps":[109337],"meta":{"created":"2019-07-03T05:50:16"},"new":["1a. Considers that, in the wake of the","financial crisis, lessons can be learned","from the principal bankruptcies in the","business world;"],"orig_lang":"nl","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"6","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Lichtenberger","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-7","location":[["Motion for a resolution","Paragraph 1 b (new)"]],"meps":[28253],"meta":{"created":"2019-07-03T05:50:16"},"new":["1b. Believes that binding rules need to be","at the core of corporate governance","regulation, to be complemented by soft","regulation such as codes of best practices;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"7","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Philippe De Backer","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-8","location":[[" Motion for a resolution","Paragraph 1 b (new)"]],"meps":[109337],"meta":{"created":"2019-07-03T05:50:16"},"new":["1b. Advocates, nonetheless, a certain","restraint in this context and calls for every","legislative proposal to be assessed very","critically in the light of the objectives to be","attained and the cost-benefit ratio of such","proposals;"],"orig_lang":"nl","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"8","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Philippe De Backer","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-9","location":[[" Motion for a resolution","Paragraph 1 c (new)"]],"meps":[109337],"meta":{"created":"2019-07-03T05:50:16"},"new":["1c. Stresses the need to achieve better","functioning of, and compliance with,","existing governance rules and","recommendations rather than imposing","binding European corporate governance","rules;"],"orig_lang":"nl","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"9","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Philippe De Backer","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-10","location":[[" Motion for a resolution","Paragraph 1 d (new)"]],"meps":[109337],"meta":{"created":"2019-07-03T05:50:16"},"new":["1d. Is convinced that voluntary codes of","conduct are the most efficient way of","achieving good corporate governance;"],"orig_lang":"nl","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"10","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Philippe De Backer","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-11","location":[["Motion for a resolution","Paragraph 1 e (new)"]],"meps":[109337],"meta":{"created":"2019-07-03T05:50:16"},"new":["1e. Expresses a preference, in this","context, for the \u2018comply or explain\u2019","method; considers that, as part of this,","businesses which have a justified reason","not to comply with corporate governance","regulations should explain in detail the","decisions in question and describe the","alternative solutions that they have","adopted;"],"orig_lang":"nl","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"11","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Evelyn Regner","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-12","location":[["Motion for a resolution","Paragraph 2"]],"meps":[96998],"meta":{"created":"2019-07-03T05:50:16"},"new":["2. Regrets however that important","corporate governance issues such as board","decision-making, directors' responsibility,","directors' independence, conflicts of","interest, gender diversity, employee","representation and stakeholders'","involvement have been left out of the","Green Paper;"],"old":["2. Regrets however that important","corporate governance issues such as board","decision-making, directors' responsibility,","directors' independence, conflicts of","interest or stakeholders' involvement have","been left out of the Green Paper;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"12","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Dimitar Stoyanov","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-13","location":[[" Motion for a resolution","Paragraph 3"]],"meps":[34254],"meta":{"created":"2019-07-03T05:50:16"},"new":["3. In this sense, stresses that attention must","be drawn to the important role that the","different committees (audit, remuneration","and nomination) play in the good","governance of a company and calls on the","Commission take steps to strengthen their","role;"],"old":["3. In this sense, stresses that attention must","be drawn to the important role that the","different committees (audit, remuneration","and nomination) play in the good","governance of a company and calls on the","Commission to strengthen their role;"],"orig_lang":"bg","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"13","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Gunnar H\u00f6kmark","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-14","location":[[" Motion for a resolution","Paragraph 3"]],"meps":[28124],"meta":{"created":"2019-07-03T05:50:17"},"new":["3. In this sense, stresses that attention must","be drawn to the important role that the","different committees (audit, remuneration","and nomination) play in the good","governance of a company;"],"old":["3. In this sense, stresses that attention must","be drawn to the important role that the","different committees (audit, remuneration","and nomination) play in the good","governance of a company and calls on the","Commission to strengthen their role;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"14","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Alexandra Thein","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-15","location":[[" Motion for a resolution","Paragraph 3 a (new)"]],"meps":[96874],"meta":{"created":"2019-07-03T05:50:17"},"new":["3a. Stresses that the Commission\u2019s review","of the EU corporate governance","framework must take account of the","rights and duties conferred on the various","company bodies under national law, and","in particular the differences between","unitary and dual systems; hereinafter","essentially uses the term \u2018board of","directors\u2019 to refer to the supervisory role","of directors, which, in a dual structure,","generally falls to the supervisory board,","without prejudice to the functions","conferred on the different company bodies","under national law;"],"old":[""],"orig_lang":"de","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"15","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Evelyn Regner","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-16","location":[["Motion for a resolution","Paragraph 4"]],"meps":[96998],"meta":{"created":"2019-07-03T05:50:17"},"new":["4. Believes that EU corporate governance","measures should apply to all listed","companies, no matter what their size;"],"old":["4. Believes that a basic set of EU corporate","governance measures should apply to all","listed companies, no matter what their size;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"16","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Sharon Bowles","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-17","location":[["Motion for a resolution","Paragraph 4"]],"meps":[33570],"meta":{"created":"2019-07-03T05:50:17"},"new":["4. Believes that a basic set of EU corporate","governance measures should apply to all","listed companies; however, in instances of","systemic companies, enhanced 'comply or","explain' procedures should be","implemented which ensure that the","appropriate regulator has reviewed and is","satisfied with the explanation;"],"old":["4. Believes that a basic set of EU corporate","governance measures should apply to all","listed companies, no matter what their","size;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"17","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Gunnar H\u00f6kmark","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-18","location":[[" Motion for a resolution","Paragraph 4"]],"meps":[28124],"meta":{"created":"2019-07-03T05:50:17"},"new":["4. Believes that a basic set of EU corporate","governance principles should apply to all","listed companies, no matter what their size;"],"old":["4. Believes that a basic set of EU corporate","governance measures should apply to all","listed companies, no matter what their size;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"18","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Philippe De Backer","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-19","location":[[" Motion for a resolution","Paragraph 4"]],"meps":[109337],"meta":{"created":"2019-07-03T05:50:17"},"new":["4. Does not consider a \u2018one size fits all","approach\u2019 to be helpful in view of the","considerable diversity of companies","within Europe and in particular the","difference between listed and unlisted","companies;"],"old":["4. Believes that a basic set of EU","corporate governance measures should","apply to all listed companies, no matter","what their size;"],"orig_lang":"nl","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"19","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Piotr Borys","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-20","location":[[" Motion for a resolution","Paragraph 4 a (new)"]],"meps":[96799],"meta":{"created":"2019-07-03T05:50:17"},"new":["4a. Stresses that the Financial Fair Play","initiative is an example of good corporate","governance practice in sport; calls on","other sectors and public authorities to","further explore these measures with a","view to implement some of their basic","principles;"],"old":[""],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"20","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Evelyn Regner","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-21","location":[["Motion for a resolution","Paragraph 5"]],"meps":[96998],"meta":{"created":"2019-07-03T05:50:17"},"new":["5. Notes that these rules should apply","irrespective of the size, complexity and","type of the company; suggests that a","system of clear rules and sanctions should","be set up in order to provide stakeholders","and shareholders with comprehensive and","transparent information about the","measures taken to ensure sound corporate","governance, and to protect their interests;"],"old":["5. Notes that these measures should be","proportional to the size, complexity and","type of the company; suggests that in order","to define which measures apply, a system","of thresholds based on the number of","employees and/or the turnover should be","set up;"],"orig_lang":"de","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"21","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Klaus-Heiner Lehne","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-22","location":[["Motion for a resolution","Paragraph 5"]],"meps":[2224],"meta":{"created":"2019-07-03T05:50:18"},"new":["5. Notes that these measures should apply","irrespective of the size, complexity and","type of the company as long as the","company is listed;"],"old":["5. Notes that these measures should be","proportional to the size, complexity and","type of the company; suggests that in","order to define which measures apply, a","system of thresholds based on the number","of employees and/or the turnover should","be set up;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"22","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Gunnar H\u00f6kmark","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-23","location":[[" Motion for a resolution","Paragraph 5"]],"meps":[28124],"meta":{"created":"2019-07-03T05:50:18"},"new":["5. Notes that these measures should be","proportional to the size, complexity and","type of the company; suggests that in order","to define which measures apply, a system","of thresholds based on the number of","employees and/or the turnover should be","set up; notes that this is handled by the","comply or explain-principle, and that","explanations should be promoted;"],"old":["5. Notes that these measures should be","proportional to the size, complexity and","type of the company; suggests that in order","to define which measures apply, a system","of thresholds based on the number of","employees and/or the turnover should be","set up;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"23","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Klaus-Heiner Lehne","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-24","location":[[" Motion for a resolution","Paragraph 6"]],"meps":[2224],"meta":{"created":"2019-07-03T05:50:18"},"new":["deleted"],"old":["6. Considers that unlisted companies","above a particular size should comply","with certain corporate governance","measures,"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"24","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Evelyn Regner","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-25","location":[[" Motion for a resolution","Paragraph 7"]],"meps":[96998],"meta":{"created":"2019-07-03T05:50:18"},"new":["7. Stresses that there should be a clear","demarcation between the duties of the","Chair of the Board of Directors and the","Chief Executive Officer in the monoistic","board system; notes however that this rule","should not be proportional to the size and","the peculiarities of the company;"],"old":["7. Stresses that in general there should be a","clear demarcation between the duties of the","Chair of the Board of Directors and the","Chief Executive Officer; notes however","that this rule should be proportional to the","size and the peculiarities of the company","and that this decision should be taken by","the assembly of shareholders;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"25","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Alexandra Thein","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-26","location":[["Motion for a resolution","Paragraph 7"]],"meps":[96874],"meta":{"created":"2019-07-03T05:50:18"},"new":["7. Stresses that in unitary systems there","should be a clear demarcation between the","duties of the Chair of the Board of","Directors and the Chief Executive Officer;","notes however that this rule should be","proportional to the size and the","peculiarities of the company and that this","decision should be taken by the assembly","of shareholders;"],"old":["7. Stresses that in general there should be a","clear demarcation between the duties of the","Chair of the Board of Directors and the","Chief Executive Officer; notes however","that this rule should be proportional to the","size and the peculiarities of the company","and that this decision should be taken by","the assembly of shareholders;"],"orig_lang":"de","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"26","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Evelyn Regner","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-27","location":[["Motion for a resolution","Paragraph 7 a (new)"]],"meps":[96998],"meta":{"created":"2019-07-03T05:50:18"},"new":["7a. emphasises the importance of","employee representatives being on the","boards of directors, in particular in view","of their long-term interest in the company","as well as their experience and knowledge","of its internal structures;"],"old":[""],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"27","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Evelyn Regner","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-28","location":[[" Motion for a resolution","Paragraph 8"]],"meps":[96998],"meta":{"created":"2019-07-03T05:50:18"},"new":["8. Stresses that boards must include","independent individuals with a mix of","skills, experiences and backgrounds,","including representatives of the","workforce, that this aspect of their","composition should be adapted to the","complexity of the activities of the company","and that it is the responsibility of the Chair","to ensure the right balance of skills in the","board;"],"old":["8. Stresses that boards must include","independent individuals with a mix of","skills, experiences and backgrounds, that","this aspect of their composition should be","adapted to the complexity of the activities","of the company and that it is the","responsibility of the Chair to ensure the","right balance of skills in the board;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"28","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Klaus-Heiner Lehne","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-29","location":[[" Motion for a resolution","Paragraph 8"]],"meps":[2224],"meta":{"created":"2019-07-03T05:50:18"},"new":["8. Stresses that boards must include","independent individuals with a mix of","skills, experiences and backgrounds, that","this aspect of their composition should be","adapted to the complexity of the activities","of the company;"],"old":["8. Stresses that boards must include","independent individuals with a mix of","skills, experiences and backgrounds, that","this aspect of their composition should be","adapted to the complexity of the activities","of the company and that it is the","responsibility of the Chair to ensure the","right balance of skills in the board;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"29","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Gunnar H\u00f6kmark","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-30","location":[["Motion for a resolution","Paragraph 8"]],"meps":[28124],"meta":{"created":"2019-07-03T05:50:18"},"new":["8. Stresses that boards must include","independent individuals with a mix of","skills, experiences and backgrounds, that","this aspect of their composition should be","adapted to the complexity of the activities","of the company and that it is the","responsibility of the shareholders to ensure","the right balance of skills in the board;"],"old":["8. Stresses that boards must include","independent individuals with a mix of","skills, experiences and backgrounds, that","this aspect of their composition should be","adapted to the complexity of the activities","of the company and that it is the","responsibility of the Chair to ensure the","right balance of skills in the board;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"30","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Alexandra Thein","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-31","location":[["Motion for a resolution","Paragraph 8"]],"meps":[96874],"meta":{"created":"2019-07-03T05:50:18"},"new":["8. Stresses that boards must include","independent individuals with a mix of","skills, experiences and backgrounds, that","this aspect of their composition should be","adapted to the complexity of the activities","of the company and that, in unitary","systems, it is the responsibility of the Chair","to ensure the right balance of skills in the","board; in dual systems it is, in any event,","the responsibility of the shareholders to","ensure the right balance of skills in the","supervisory board;"],"old":["8. Stresses that boards must include","independent individuals with a mix of","skills, experiences and backgrounds, that","this aspect of their composition should be","adapted to the complexity of the activities","of the company and that it is the","responsibility of the Chair to ensure the","right balance of skills in the board;"],"orig_lang":"de","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"31","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Gunnar H\u00f6kmark","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-32","location":[[" Motion for a resolution","Paragraph 9"]],"meps":[28124],"meta":{"created":"2019-07-03T05:50:18"},"new":["9. Is of the opinion that recruitment","policies, where they are used, should be","specific and that they should be subject to a","comply-or-explain regime; underlines that","the drafting and approval of policy","documents of this kind is a strict","shareholder competence;"],"old":["9. Is of the opinion that recruitment","policies should be specific and that they","should be subject to a comply-or-explain","regime;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"32","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Mikael Gustafsson, Rodi Kratsa-Tsagaropoulou","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-33","location":[[" Motion for a resolution","Paragraph 9 a (new)"]],"meps":[109649,4482],"meta":{"created":"2019-07-03T05:50:18"},"new":["9a. Calls on companies to implement","transparent and meritocratic methods in","the field of human resources and to","develop and promote efficiently men's and","women's talents and skills; stresses that","companies are required to ensure equal","treatment of and equal opportunities for","men and women at work and to contribute","to the work-life balance applying to men","and women;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"33","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Mikael Gustafsson, Rodi Kratsa-Tsagaropoulou","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-34","location":[["Motion for a resolution","Paragraph 10"]],"meps":[109649,4482],"meta":{"created":"2019-07-03T05:50:18"},"new":["10. Welcomes the Commission's intention","to propose European legislation in 2012 if","companies do not manage to achieve","through voluntary measures the targets of","30% women on company boards by 2015","and 40% by 2020;"],"old":["10. Calls for an increase in the number of","women on boards by means of a system of","flexible quotas;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"34","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Arlene McCarthy","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-35","location":[["Motion for a resolution","Paragraph 10"]],"meps":[2173],"meta":{"created":"2019-07-03T05:50:19"},"new":["10. Calls for an increase in the number of","women on boards by widening","participation in the nominations process","and encouraging shareholders to become","involved;"],"old":["10. Calls for an increase in the number of","women on boards by means of a system of","flexible quotas;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"35","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Evelyn Regner","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-36","location":[["Motion for a resolution","Paragraph 10"]],"meps":[96998],"meta":{"created":"2019-07-03T05:50:19"},"new":["10. Calls for a balanced representation of","at least 40 % of women on boards until","2015 to be achieved by means of a system","of quotas;"],"old":["10. Calls for an increase in the number of","women on boards by means of a system of","flexible quotas;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"36","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Gunnar H\u00f6kmark","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-37","location":[[" Motion for a resolution","Paragraph 10"]],"meps":[28124],"meta":{"created":"2019-07-03T05:50:19"},"new":["10. Underlines the importance of having a","broad and diverse set of skills and","competences represented in the company","board; reminds that reducing individuals","to being only a representative of a specific","group, such as by gender, age or ethnicity,","does not promote the interest of those","individuals;"],"old":["10. Calls for an increase in the number of","women on boards by means of a system of","flexible quotas;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"37","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Evelyn Regner","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-38","location":[[" Motion for a resolution","Paragraph 11"]],"meps":[96998],"meta":{"created":"2019-07-03T05:50:19"},"new":["11. Stresses that directors must devote","sufficient time to the performance of their","duties; considers that a one-size-fits-all","rule should be laid down and the limits to","the number of boards of directors or","supervisory boards on which a member","can serve should be restricted to four","mandates; points out that this would help","increase the frequency of board meetings","and improve the quality of in-house","supervisory bodies;"],"old":["11. Stresses that directors must devote","sufficient time to the performance of their","duties; considers, however, that no one-","size-fits-all rules are advisable and the","limits to the number of boards on which a","director can serve should be established on","an individual basis by each company;"],"orig_lang":"de","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"38","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Klaus-Heiner Lehne","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-39","location":[["Motion for a resolution","Paragraph 11"]],"meps":[2224],"meta":{"created":"2019-07-03T05:50:19"},"new":["11. Stresses that non-executive directors","must devote sufficient time to the","performance of their duties; considers,","however, that no one-size-fits-all rules are","advisable and that criteria need to be","developed that allow for a limitation to the","number of boards on which a non-","executive director can serve;"],"old":["11. Stresses that directors must devote","sufficient time to the performance of their","duties; considers, however, that no one-","size-fits-all rules are advisable and the","limits to the number of boards on which a","director can serve should be established on","an individual basis by each company;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"39","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Gunnar H\u00f6kmark","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-40","location":[["Motion for a resolution","Paragraph 11"]],"meps":[28124],"meta":{"created":"2019-07-03T05:50:19"},"new":["11. Stresses that directors must devote","sufficient time to the performance of their","duties; considers, however, that no one-","size-fits-all rules are advisable and the","limits to the number of boards on which a","director can serve should be established on","an individual basis by each company\u2019s","shareholders; highlights the importance","of board members being fully transparent","and open with their other engagements;"],"old":["11. Stresses that directors must devote","sufficient time to the performance of their","duties; considers, however, that no one-","size-fits-all rules are advisable and the","limits to the number of boards on which a","director can serve should be established on","an individual basis by each company;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"40","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Evelyn Regner","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-41","location":[[" Motion for a resolution","Paragraph 12"]],"meps":[96998],"meta":{"created":"2019-07-03T05:50:19"},"new":["12. Agrees that external evaluations on a","periodical basis are useful tools for","assessing the effectiveness of corporate","governance practices;"],"old":["12. Agrees that external evaluations on a","periodical basis are useful tools for","assessing the effectiveness of corporate","governance practices; however, is of the","opinion that they should not be","compulsory;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"41","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Arlene McCarthy","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-42","location":[[" Motion for a resolution","Paragraph 13"]],"meps":[2173],"meta":{"created":"2019-07-03T05:50:19"},"new":["13. Urges companies to publish more","information on top level pay in general,","including the disclosure of the","remuneration policy and the annual","remuneration report, which should be","subject to the approval of the assembly of","shareholders; encourages greater","employee representation on remuneration","panels;"],"old":["13. Encourages disclosure of the","remuneration policy and the annual","remuneration report, which should be","subject to the approval of the assembly of","shareholders; stresses however that the","disclosure of individual remuneration of","executive and non-executive directors","would constitute a breach of privacy and","should be avoided unless consent is given","by the person concerned;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"42","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Evelyn Regner","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-43","location":[[" Motion for a resolution","Paragraph 13"]],"meps":[96998],"meta":{"created":"2019-07-03T05:50:19"},"new":["13. Encourages disclosure of the","remuneration policy and the annual","remuneration report, which should be","subject to the approval of the assembly of","shareholders; stresses however that the","disclosure of individual remuneration of","executive and non-executive directors is","important to reach greater transparency;"],"old":["13. Encourages disclosure of the","","remuneration policy and the annual","remuneration report, which should be","subject to the approval of the assembly of","shareholders; stresses however that the","disclosure of individual remuneration of","executive and non-executive directors","would constitute a breach of privacy and","should be avoided unless consent is given","by the person concerned;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"43","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Sharon Bowles","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-44","location":[["Motion for a resolution","Paragraph 13"]],"meps":[33570],"meta":{"created":"2019-07-03T05:50:19"},"new":["13. Encourages disclosure of the","remuneration policy and the annual","remuneration report, which should be","subject to the approval of the assembly of","shareholders; notes the escalating","differential in pay between company","directors of major organisations and","average workers; considers greater","disclosure would help to address this","growing inequality;"],"old":["13. Encourages disclosure of the","remuneration policy and the annual","remuneration report, which should be","subject to the approval of the assembly of","shareholders; stresses however that the","disclosure of individual remuneration of","executive and non-executive directors","would constitute a breach of privacy and","should be avoided unless consent is given","by the person concerned;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"44","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Klaus-Heiner Lehne","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-45","location":[["Motion for a resolution","Paragraph 13"]],"meps":[2224],"meta":{"created":"2019-07-03T05:50:19"},"new":["13. Encourages disclosure of the","remuneration policy and the annual","remuneration report, which should be","subject to the approval of the assembly of","shareholders;"],"old":["13. Encourages disclosure of the","remuneration policy and the annual","remuneration report, which should be","","subject to the approval of the assembly of","shareholders; stresses however that the","disclosure of individual remuneration of","executive and non-executive directors","would constitute a breach of privacy and","should be avoided unless consent is given","by the person concerned;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"45","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Eva Lichtenberger","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-46","location":[[" Motion for a resolution","Paragraph 13"]],"meps":[28253],"meta":{"created":"2019-07-03T05:50:19"},"new":["13. Encourages disclosure of the","remuneration policy and the annual","remuneration report. Is of the opinion that","the pay rise of directors should be","consistent with the pay rise of the","company; proposes that the percentage","increase in remuneration of directors","should not be higher than the average pay","raise of the employees of the company;"],"old":["13. Encourages disclosure of the","remuneration policy and the annual","remuneration report, which should be","subject to the approval of the assembly of","shareholders; stresses however that the","disclosure of individual remuneration of","executive and non-executive directors","would constitute a breach of privacy and","should be avoided unless consent is given","by the person concerned;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"46","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Ramon Tremosa i Balcells","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-47","location":[[" Motion for a resolution","Paragraph 13 a (new)"]],"meps":[97203],"meta":{"created":"2019-07-03T05:50:19"},"new":["13a. Understands that new sets of rules","should be put in place at European level","in order to tackle the issue of","compensation, particularly in financial","corporations that suffer of moral hazard","as short-term benefits decrease worker's","risk aversion; rules should be put in place","to ensure that compensations are received","taking into account a wider time horizon","than a single year in order to promote a","longer term vision in the financial sector;"],"old":[""],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"47","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Lichtenberger","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-48","location":[["Motion for a resolution","Paragraph 13 a (new)"]],"meps":[28253],"meta":{"created":"2019-07-03T05:50:19"},"new":["13a. Considers that the pay raise of","Directors should be coherent with the","long term viability of the company;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"48","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Ramon Tremosa i Balcells","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-49","location":[["Motion for a resolution","Paragraph 13 b (new)"]],"meps":[97203],"meta":{"created":"2019-07-03T05:50:20"},"new":["13b. Believes that a strong surveillance","and new rules must be set up in order to","forbid any malpractices concerning the","salaries, bonuses and compensations of","executives that either belonging to the","financial or non-financial corporate","sector have been bailed-out by a Member","State government; if needed legal actions","shall be taken in order to protect the","misuse of public bail-out funds;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"49","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Evelyn Regner","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-50","location":[[" Motion for a resolution","Paragraph 14"]],"meps":[96998],"meta":{"created":"2019-07-03T05:50:20"},"new":["14. Notes that the board is the body","responsible for reviewing and approving","the strategy of the company, which","includes the company's approach to risk,","and should report it meaningfully to","shareholders; considers that environmental","and social risks should be included;"],"old":["14. Notes that the board is the body","responsible for reviewing and approving","the strategy of the company, which","includes the company's approach to risk,","and should report it meaningfully to","shareholders; considers that environmental","and social risks should be included insofar","as they have a material impact on the","company, as already required under EU","legislation;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"50","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Gunnar H\u00f6kmark","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-51","location":[[" Motion for a resolution","Paragraph 14"]],"meps":[28124],"meta":{"created":"2019-07-03T05:50:20"},"new":["14. Notes that the board is the body","responsible for reviewing and approving","the strategy of the company, which","includes the company\u2019s approach to risk,","and should report it meaningfully to","shareholders as far as it is possible without","disclosing information that may damage","the company, for example in relation to","competitors; considers that environmental","and social risks should be included insofar","as they have a material impact on the","company, as already required under EU","legislation;"],"old":["14. Notes that the board is the body","responsible for reviewing and approving","the strategy of the company, which","includes the company's approach to risk,","and should report it meaningfully to","shareholders; considers that environmental","and social risks should be included insofar","as they have a material impact on the","company, as already required under EU","legislation;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"51","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Eva Lichtenberger","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-52","location":[["Motion for a resolution","Paragraph 14"]],"meps":[28253],"meta":{"created":"2019-07-03T05:50:20"},"new":["14. Notes that the board is the body","responsible for reviewing and approving","the strategy of the company, which","includes the company's approach to risk,","and should report it meaningfully to","shareholders; considers that environmental","and social risks must be part of any risk","assessment;"],"old":["14. Notes that the board is the body","responsible for reviewing and approving","the strategy of the company, which","includes the company's approach to risk,","and should report it meaningfully to","shareholders; considers that environmental","and social risks should be included insofar","as they have a material impact on the","company, as already required under EU","legislation;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"52","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Sebastian Valentin Bodu","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-53","location":[["Motion for a resolution","Paragraph 14 a (new)"]],"meps":[39722],"meta":{"created":"2019-07-03T05:50:20"},"new":["14a. Believes that the provisions","applicable to members of boards of","directors in the single-tier system should","also hold true for supervisory boards in","the two-tier system, so that both systems of","corporate governance are covered in this","report;"],"orig_lang":"ro","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"53","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Sharon Bowles","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-54","location":[[" Motion for a resolution","Paragraph 15"]],"meps":[33570],"meta":{"created":"2019-07-03T05:50:20"},"new":["15. Believes that shareholders' engagement","with the company should be encouraged by","enhancing their role, but this involvement","should be a discretionary choice and never","an obligation; nevertheless, measures to","incentivise long term investment should","be considered and also a requirement for","full transparency of voting for any","borrowed shares;"],"old":["15. Believes that shareholders' engagement","with the company should be encouraged by","enhancing their role, but this involvement","should be a discretionary choice and never","an obligation;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"54","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Sebastian Valentin Bodu","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-55","location":[[" Motion for a resolution","Paragraph 17 a (new)"]],"meps":[39722],"meta":{"created":"2019-07-03T05:50:20"},"new":["17a. Believes that greater encouragement","should be given to take out long-term","shareholdings, and to that end considers","that institutional investor behaviour","aimed at creating liquidity and keeping","good ratings should be reconsidered, as","this solely encourages short-term","shareholding by such investors;"],"orig_lang":"ro","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"55","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Sharon Bowles","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-56","location":[[" Motion for a resolution","Paragraph 18"]],"meps":[33570],"meta":{"created":"2019-07-03T05:50:20"},"new":["18. In this context, is of the opinion that","institutional investors should be free to","design the relevant incentive structures in","their professional relationship with asset","managers; however, all layers of fees must","be disclosed to investors;"],"old":["18. In this context, is of the opinion that","institutional investors should be free to","design the relevant incentive structures in","their professional relationship with asset","managers;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"56","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Dimitar Stoyanov","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-57","location":[["Motion for a resolution","Paragraph 20"]],"meps":[34254],"meta":{"created":"2019-07-03T05:50:20"},"new":["20. Calls on the Commission to bring","forward a proposal amending the","shareholders\u2019 rights Directive in such a","way as to provide for the mandatory","introduction of electronic voting in order to","encourage shareholders\u2019 participation,","especially with regard to cross-border","shareholders;"],"old":["20. Calls on the Commission to amend the","shareholders\u2019 rights Directive in such a","way as to provide for the mandatory","introduction of electronic voting in order to","encourage shareholders\u2019 participation,","especially with regard to cross-border","shareholders;"],"orig_lang":"bg","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"57","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Klaus-Heiner Lehne","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-58","location":[["Motion for a resolution","Paragraph 20"]],"meps":[2224],"meta":{"created":"2019-07-03T05:50:20"},"new":["20. Calls on the Commission to evaluate","by what means shareholders'","participation can be further enhanced and","believes that amending the shareholders'","rights Directive in such a way as to provide","for the mandatory introduction of","electronic voting with regard to cross-","border shareholders merits further","reflection;"],"old":["20. Calls on the Commission to amend the","shareholders' rights Directive in such a way","as to provide for the mandatory","introduction of electronic voting in order","to encourage shareholders' participation,","","especially with regard to cross-border","shareholders;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"58","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Alexandra Thein","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-59","location":[[" Motion for a resolution","Paragraph 20"]],"meps":[96874],"meta":{"created":"2019-07-03T05:50:20"},"new":["20. Calls on the Commission to amend the","shareholders\u2019 rights Directive in such a","way as to provide for the statutes of listed","companies to allow optional electronic","voting at general meetings in order to","encourage shareholders\u2019 participation,","especially with regard to cross-border","shareholders;"],"old":["20. Calls on the Commission to amend the","shareholders\u2019 rights Directive in such a","way as to provide for the mandatory","introduction of electronic voting in order","to encourage shareholders\u2019 participation,","especially with regard to cross-border","shareholders;"],"orig_lang":"de","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"59","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Dimitar Stoyanov","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-60","location":[[" Motion for a resolution","Paragraph 22"]],"meps":[34254],"meta":{"created":"2019-07-03T05:50:20"},"new":["22. Believes that proxy advisors play a","very important role, but their activity is","often subject to conflicts of interest; calls","on the Commission for further regulation","of proxy advisors with special attention to","transparency and conflict-of-interest issues;","is of the opinion that proxy advisors should","be prohibited from providing consulting","services for the investee company;"],"old":["22. Believes that proxy advisors play a","very important role, but their activity is","often subject to conflicts of interest; calls","on the Commission for further regulation","of proxy advisors with special attention to","transparency and conflict-of-interest issues;","is of the opinion that proxy advisors should","not be allowed to provide consulting","services for the investee company;"],"orig_lang":"bg","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"60","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Evelyn Regner","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-61","location":[["Motion for a resolution","Paragraph 22"]],"meps":[96998],"meta":{"created":"2019-07-03T05:50:20"},"new":["22. Believes that security lending with the","purpose of voting on borrowed shares is a","bad practice; encourages the Commission","to harmonise rules for registering and","identifying shareholders, to propose rules","to prevent abuse of securities lending for","the purpose of exercising voting rights","linked to borrowed shares in shareholder","meetings and to oblige intermediates to","enable the original shareholders to","actively participate in voting and to make","sure that their voting instructions are","respected by proxy advisors, as well as to","ensure that voting policies of identified","shareholders are disclosed; calls on the","Commission for further regulation of proxy","advisors with special attention to","transparency and conflict-of-interest issues;","is of the opinion that proxy advisors should","not be allowed to provide consulting","services for the investee company;"],"old":["22. Believes that proxy advisors play a","very important role, but their activity is","often subject to conflicts of interest; calls","on the Commission for further regulation","of proxy advisors with special attention to","transparency and conflict-of-interest issues;","is of the opinion that proxy advisors should","not be allowed to provide consulting","services for the investee company;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"61","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Evelyn Regner","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-62","location":[["Motion for a resolution","Paragraph 23"]],"meps":[96998],"meta":{"created":"2019-07-03T05:50:20"},"new":["23. Considers that companies should be","entitled to know the identity of their","owners and that harmonisation","requirements should be set at the EU level","for the disclosure of material","shareholdings;"],"old":["23. Considers that companies should be","entitled to know the identity of their","","owners and that minimum harmonisation","requirements should be set at the EU level","for the disclosure of material","shareholdings;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"62","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Alexandra Thein","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-63","location":[[" Motion for a resolution","Paragraph 23"]],"meps":[96874],"meta":{"created":"2019-07-03T05:50:20"},"new":["23. Considers that all limited partnerships","should be free to stipulate in their statutes","whether their partners may remain","anonymous or must be named and that, in","the latter case, a law must be enacted to","guarantee that their identities are in fact","made public;"],"old":["23. Considers that companies should be","entitled to know the identity of their","owners and that minimum harmonisation","requirements should be set at the EU level","for the disclosure of material","shareholdings;"],"orig_lang":"de","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"63","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Evelyn Regner","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-64","location":[[" Motion for a resolution","Paragraph 24"]],"meps":[96998],"meta":{"created":"2019-07-03T05:50:20"},"new":["24. Notes that the protection of minority","shareholders is a question which is","addressed by national company law","provisions, while Union action might be","useful to promote electronic voting;"],"old":["24. Notes that the protection of minority","shareholders is a question which is","addressed by national company law","provisions, while Union action might be","useful to promote proxy voting;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"64","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Dimitar Stoyanov","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-65","location":[["Motion for a resolution","Paragraph 25"]],"meps":[34254],"meta":{"created":"2019-07-03T05:50:21"},"new":["25. Endorses the guidelines contained in","the statement of the European Corporate","Governance Forum on Related Party","Transactions for Listed Entities of 10","March 2011; encourages the Commission","to take action at EU level by means of a","soft law measure such as a","recommendation;"],"old":["25. Endorses the guidelines contained in","the statement of the European Corporate","Governance Forum on Related Party","Transactions for Listed Entities of 10","March 2011; encourages the Commission","to take some action at EU level by means","of a soft law measure such as a","recommendation;"],"orig_lang":"bg","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"65","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Evelyn Regner","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-66","location":[["Motion for a resolution","Heading 4"]],"meps":[96998],"meta":{"created":"2019-07-03T05:50:21"},"new":["A system of binding European Rules"],"old":["The \u2018comply or explain\u2019 framework"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"66","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":"Evelyn Regner","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-67","location":[["Motion for a resolution","Paragraph 27"]],"meps":[96998],"meta":{"created":"2019-07-03T05:50:21"},"new":["27. Believes that the \u2018comply-or-explain\u2019","system is not the correct tool in corporate","governance for companies, as it failed in","the past; Stresses that a set of compulsory","European rules complemented by soft law","in form of codes of best practices are","necessary; considers that any deviation","from the set of European rules should be","sanctioned by the Member States in a","meaningful way; in addition companies","should explain which soft law rules they","have not complied with and the alternative","corporate governance measure taken","instead should be described and explained;"],"old":["27. Believes that the \u2018comply-or-explain\u2019","system is a useful tool in corporate","governance; is in favour of compulsory","adherence to a Code of Conduct chosen","by the company; considers that any","","deviation from the Code of Conduct","should be explained in a meaningful way","and in addition to this explanation, the","alternative corporate governance measure","taken should be described and explained;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"67","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"},{"authors":" Gunnar H\u00f6kmark","changes":{},"committee":["JURI"],"date":"2011-12-05T00:00:00","id":"PE478.375-68","location":[[" Motion for a resolution","Paragraph 27"]],"meps":[28124],"meta":{"created":"2019-07-03T05:50:21"},"new":["27. Believes that the \u2018comply-or-explain\u2019","system is a useful tool in corporate","governance; is in favour of compulsory","adherence to a national corporate","governance code or a Code of Conduct","chosen by the company; considers that any","deviation from the Code of Conduct should","be explained in a meaningful way and in","addition to this explanation, the alternative","corporate governance measure taken","should be described and explained;"],"old":["27. Believes that the \u2018comply-or-explain\u2019","system is a useful tool in corporate","governance; is in favour of compulsory","adherence to a Code of Conduct chosen by","the company; considers that any deviation","from the Code of Conduct should be","explained in a meaningful way and in","addition to this explanation, the alternative","corporate governance measure taken","should be described and explained;"],"orig_lang":"en","peid":"PE478.375v01-00","reference":"2011/2181(INI)","seq":"68","src":"http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-478.375+01+DOC+PDF+V0//EN&language=EN"}],"changes":{"2014-11-09T23:47:46":[{"data":[{"body":"EC","commission":[{"Commissioner":"BARNIER Michel","DG":{"title":"Internal Market and Services","url":"http://ec.europa.eu/dgs/internal_market/"}}],"date":"2011-04-05T00:00:00","docs":[{"celexid":"CELEX:52011DC0164:EN","text":["
PURPOSE: to launch a public consultation\n on ways of improving corporate governance in the EU (Commission Green Paper).
BACKGROUND: corporate governance is\n traditionally defined as the system by which companies are directed and\n controlled and as a set of relationships between a company’s management, its\n board, its shareholders and its other stakeholders. The corporate governance\n framework for listed companies in the European Union is a combination of\n legislation and ‘soft law’, including recommendations and corporate\n governance codes. While corporate governance codes are adopted at national\n level, Directive 2006/46/EC promotes their application by requiring that\n listed companies refer in their corporate governance statement to a code and\n that they report on their application of that code on a ‘comply or explain’\n basis.
Corporate governance and corporate social\n responsibility are key elements in building people’s trust in the single\n market. They also contribute to the competitiveness of European business,\n because well run, sustainable companies are best placed to contribute to the\n ambitious growth targets set by ‘Agenda 2020’. In its Communication\n “Towards a Single Market Act” the Commission stated that it is of\n paramount importance that European businesses demonstrate the utmost\n responsibility not only towards their employees and shareholders but also\n towards society at large.
The G20 Finance Ministers and Central\n Bank Governors Communiqué of 5 September 2009 emphasised that actions should\n be taken to ensure sustainable growth and build a stronger international\n financial system.
Some relevant issues had already emerged\n in the context of the Green\n Paper on Corporate Governance in Financial Institutions and\n remuneration policies adopted in June 2010. For example, shareholder\n engagement matters not just to financial institutions, but to companies\n generally.
CONTENT: the purpose of this Green Paper\n is to assess the effectiveness of the current corporate governance framework\n for European companies. It addresses three subjects which are at the heart\n of good corporate governance.
The board of directors: high performing, effective boards are needed to challenge\n executive management. This means that boards need non-executive members with\n diverse views, skills and appropriate professional experience. Such members\n must also be willing to invest sufficient time in the work of the board. The\n role of chairman of the board is particularly important, as are the board’s\n responsibilities for risk management. The Green Paper discusses means of\n ensuring the effective functioning of the board of directors and the\n diversity of its members, through encouraging, for example, gender diversity,\n international diversity and professional diversity. It also discusses risk\n management and directors’ remuneration. It also asks whether disclosure of\n remuneration policy, the annual remuneration report and individual\n remuneration of directors be mandatory.
Shareholders: the corporate governance framework is built on the assumption\n that shareholders engage with companies and hold the management to account\n for its performance. However, a lack of appropriate shareholder interest in\n holding financial institutions' management accountable contributed to poor\n management accountability and may have facilitated excessive risk taking in\n financial institutions. There is evidence that the majority of shareholders\n are passive and are often only focused on short-term profits. It therefore\n seems useful to consider whether more shareholders can be encouraged to take\n an interest in sustainable returns and longer-term performance, and how to\n encourage them to be more active on corporate governance issues. Moreover, in\n different shareholding structures there are other issues, such as minority\n protection. The Paper also asks whether EU rules are needed to enhance disclosure\n and management of conflicts of interest; whether there is a need for a\n European mechanism to help issuers identify their shareholders and benefit\n cooperation between investors.
Application of the ‘comply or explain’\n approach: under the 'comply or explain' approach,\n a company which chooses to depart from a corporate governance code\n recommendation must give detailed, specific and concrete reasons for the\n departure. The general introduction of the ‘comply or explain’ approach in\n the EU has had its difficulties. A recent study showed that the informative\n quality of explanations published by companies departing from the corporate\n governance code’s recommendation is - in the majority of the cases - not\n satisfactory and that in many Member States there is insufficient monitoring\n of the application of the codes. It is therefore appropriate to consider how\n to improve this situation. Some adjustments appear necessary to improve the\n application of the corporate governance codes. The solutions should not alter\n the fundamentals of the ‘comply or explain’ approach but contribute to its\n effective functioning by improving the informative quality of the reports.\n However, these solutions are without prejudice to the possible need to\n reinforce certain requirements at EU level by including them in legislation\n rather than making recommendations.
Two preliminary questions also deserve consideration.
Interested parties are invited to submit\n their views on the suggestions set out in this Green Paper to reach the\n Commission by 22 July 2011 at the latest. On the basis of the\n responses received, the Commission will take a decision on the next steps.\n Any future legislative or non-legislative proposal will be accompanied by an extensive\n impact assessment taking into account the need to avoid disproportionate\n administrative burden for companies.
\nThe Committee on Legal Affairs adopted the\nown-initiative drafted by Sebastian Valentin BODU (EPP, RO) on a\ncorporate governance framework for European companies, in response\nto the Commission Green Paper on the same issue.
\nWelcoming the Commissions revision of the EU\ncorporate governance framework initiated by the Green Paper,\nMembers regret, however, that important corporate governance issues\nsuch as board decision-making, directors responsibility,\ndirectors independence, conflicts of interest or\nstakeholders involvement have been left out of the Green\nPaper. They also regret the Green Paper's focus on the unitary\nsystem and disregard for the dual system, which is equally widely\nrepresented in Europe.
\nMembers underline the importance of the following\nissues:
\nThe Commission is called upon to submit every\nlegislative proposal it considers on corporate governance to\nimpact assessment, which should focus both on objectives to\nbe attained and on the need to keep companies\ncompetitive.
\n(1) Boards of directors:\nthe report stresses that in unitary systems there should be a\nclear demarcation between the duties of the Chair of the Board\nof Directors and the Chief Executive Officer; however, it notes\nthat this rule should be proportional to the size and the\npeculiarities of the company.
\nThe boards must include independent individuals\nwith a mix of skills, experiences and backgrounds, that this aspect\nof their composition should be adapted to the complexity of the\nactivities of the company and that it is the responsibility of the\nshareholders to ensure the right balance of skills in the\nboard.
\nThe report considers that directors pay rises\nshould be consistent with the long-term viability of their\ncompanies. It supports the inclusion in managers variable\nremuneration of long-term sustainability components, such as making\na percentage of their variable remuneration dependent on the\nachievement of corporate social responsibility targets, e.g. health\nand safety in the workplace and employee job\nsatisfaction.
\nMembers believe that strong surveillance and new rules\nmust be introduced to forbid any malpractices concerning the\nsalaries, bonuses and compensation paid to executives of\ncompanies belonging to the financial or non-financial corporate\nsector that have been bailed-out by a Member State\ngovernment.
\n(2) Shareholders:\nMembers believe that shareholders engagement with the company\nshould be encouraged by enhancing their role, but that this\ninvolvement should be a discretionary choice and never an\nobligation. Nevertheless, they believe that measures to incentivise\nlong term investment should be considered and also a requirement\nfor full transparency of voting for any borrowed shares, apart from\nbearer shares. They consider that institutional investor behaviour\naimed at creating liquidity and keeping good ratings should be\nreconsidered, as this solely encourages short-term shareholding by\nsuch investors.
\nThe report notes that there is a lack of long-term\nfocus within the market and urges the Commission to review all\nrelevant legislation to assess whether any requirements have\ninadvertently added to short-termism.
\nThe Commission is called upon to:
\nMembers consider that companies should be entitled\nto choose between a name shares regime and a bearer shares\nregime. They consider that, if they choose name shares,\ncompanies should be entitled to know the identity of their owners\nand that minimum harmonisation requirements should be set at EU\nlevel for the disclosure of material shareholdings.
\nLastly, Members consider that the question of employee\nshare ownership schemes is one which should be regulated at Member\nState level and left to negotiations between employers and\nemployees: the possibility of participating in such a scheme should\nalways be of a voluntary nature.
\n(3) The comply or explain\nframework: Members believe that this\nsystem is a useful tool in corporate governance. They are in\nfavour of compulsory adherence to a national corporate governance\ncode or a Code of Conduct chosen by the company; considers that any\ndeviation from the Code of Conduct should be explained in a\nmeaningful way and that, in addition to this explanation, the\nalternative corporate governance measure taken should be described\nand explained.
\nLastly, the report stresses the need to achieve\nbetter functioning of, and compliance with, existing\ngovernance rules and recommendations rather than imposing\nbinding European corporate governance rules.
\nThe European Parliament adopted by 311 votes to 250,\nwith 44 abstentions, a resolution on a corporate governance\nframework for European companies, in response to the Commission\nGreen Paper on the same issue.
\nIt should be noted that an alternative motion for a\nresolution by the S&D and Green/ALE Groups was rejected in\nplenary.
\nGeneral approach:\nwelcoming the Commissions revision of the EU corporate\ngovernance framework initiated by the Green Paper, Parliament\nregrets, however, that important corporate governance issues such\nas board decision-making, directors responsibility,\ndirectors independence, conflicts of interest or\nstakeholders involvement have been left out of the Green\nPaper. It also regrets the Green Paper's focus on the unitary\nsystem and disregard for the dual system, which is equally widely\nrepresented in Europe.
\nMembers underline the importance of the following\nissues:
\nThe Commission is called upon to submit every\nlegislative proposal it considers on corporate governance to\nimpact assessment, which should focus both on objectives to\nbe attained and on the need to keep companies\ncompetitive.
\nBoards of directors: the\nresolution stresses that in unitary systems there should be a\nclear demarcation between the duties of the Chair of the Board\nof Directors and the Chief Executive Officer; however, it notes\nthat this rule should be proportional to the size and the\npeculiarities of the company.
\nThe boards must include independent individuals\nwith a mix of skills, experiences and backgrounds, that this\naspect of their composition should be adapted to the complexity of\nthe activities of the company and that it is the responsibility of\nthe shareholders to ensure the right balance of skills in the\nboard. The resolution calls on companies to implement transparent\nand meritocratic methods in the field of human resources and to\ndevelop and promote efficiently mens and womens talents\nand skills. Moreover, plenary called on the Commission to present,\nas soon as possible, comprehensive current data on female\nrepresentation within all types of company in the EU and on the\ncompulsory and non-compulsory measures taken by the business sector\nas well as those recently adopted by the Member States with a view\nto increasing such representation, and, following this exercise, if\nthe steps taken by companies and the Member States are found to be\ninadequate, to propose legislation including quotas \nin the course of 2012 to increase female representation in\ncorporate management bodies to 30 % by 2015 and to 40% by 2020,\nwhile taking account of the Member States responsibilities\nand of their economic, structural (i.e. relating to company size),\nlegal and regional specificities.
\nMembers stress that directors must devote\nsufficient time to the performance of their duties.
\nThe resolution considers that directors pay\nrises should be consistent with the long-term viability of their\ncompanies. It supports the inclusion in managers variable\nremuneration of long-term sustainability components, such as making\na percentage of their variable remuneration dependent on the\nachievement of corporate social responsibility targets, e.g. health\nand safety in the workplace and employee job\nsatisfaction.
\nMembers believe that strong surveillance and new rules\nmust be introduced to forbid any malpractices concerning the\nsalaries, bonuses and compensation paid to executives of\ncompanies belonging to the financial or non-financial corporate\nsector that have been bailed-out by a Member State government. They\nalso encourage disclosure of company remuneration policies and\nannual remuneration reports, which should be subject to approval by\nthe shareholders meeting.
\nShareholders: Members\nbelieve that shareholders engagement with the company should\nbe encouraged by enhancing their role, but that this\ninvolvement should be a discretionary choice and never an\nobligation. Nevertheless, they believe that measures to incentivise\nlong term investment should be considered and also a requirement\nfor full transparency of voting for any borrowed shares, apart from\nbearer shares. They consider that institutional investor behaviour\naimed at creating liquidity and keeping good ratings should be\nreconsidered, as this solely encourages short-term shareholding by\nsuch investors.
\nThe resolution notes that there is a lack of long-term\nfocus within the market and urges the Commission to review all\nrelevant legislation to assess whether any requirements have\ninadvertently added to short-termism.
\nThe Commission is called upon to:
\nMembers consider that companies should be entitled\nto choose between a name shares regime and a bearer shares\nregime. They consider that, if they choose name shares,\ncompanies should be entitled to know the identity of their owners\nand that minimum harmonisation requirements should be set at EU\nlevel for the disclosure of material shareholdings.
\nLastly, Members consider that the question of employee\nshare ownership schemes is one which should be regulated at Member\nState level and left to negotiations between employers and\nemployees: the possibility of participating in such a scheme should\nalways be of a voluntary nature.
\n(3) The comply or explain\nframework: Parliament believes that\nthis system is a useful tool in corporate governance. It is\nin favour of compulsory adherence to a national corporate\ngovernance code or a Code of Conduct chosen by the company and\nconsiders that any deviation from the Code of Conduct should be\nexplained in a meaningful way and that, in addition to this\nexplanation, the alternative corporate governance measure taken\nshould be described and explained.
\nLastly, the resolution stresses the need to achieve\nbetter functioning of, and compliance with, existing\ngovernance rules and recommendations rather than imposing\nbinding European corporate governance rules.
\nPURPOSE: to launch a public consultation\n on ways of improving corporate governance in the EU (Commission Green Paper).
BACKGROUND: corporate governance is\n traditionally defined as the system by which companies are directed and\n controlled and as a set of relationships between a company’s management, its\n board, its shareholders and its other stakeholders. The corporate governance\n framework for listed companies in the European Union is a combination of\n legislation and ‘soft law’, including recommendations and corporate\n governance codes. While corporate governance codes are adopted at national\n level, Directive 2006/46/EC promotes their application by requiring that\n listed companies refer in their corporate governance statement to a code and\n that they report on their application of that code on a ‘comply or explain’\n basis.
Corporate governance and corporate social\n responsibility are key elements in building people’s trust in the single\n market. They also contribute to the competitiveness of European business,\n because well run, sustainable companies are best placed to contribute to the\n ambitious growth targets set by ‘Agenda 2020’. In its Communication\n “Towards a Single Market Act” the Commission stated that it is of\n paramount importance that European businesses demonstrate the utmost\n responsibility not only towards their employees and shareholders but also\n towards society at large.
The G20 Finance Ministers and Central\n Bank Governors Communiqué of 5 September 2009 emphasised that actions should\n be taken to ensure sustainable growth and build a stronger international\n financial system.
Some relevant issues had already emerged\n in the context of the Green\n Paper on Corporate Governance in Financial Institutions and\n remuneration policies adopted in June 2010. For example, shareholder\n engagement matters not just to financial institutions, but to companies\n generally.
CONTENT: the purpose of this Green Paper\n is to assess the effectiveness of the current corporate governance framework\n for European companies. It addresses three subjects which are at the heart\n of good corporate governance.
The board of directors: high performing, effective boards are needed to challenge\n executive management. This means that boards need non-executive members with\n diverse views, skills and appropriate professional experience. Such members\n must also be willing to invest sufficient time in the work of the board. The\n role of chairman of the board is particularly important, as are the board’s\n responsibilities for risk management. The Green Paper discusses means of\n ensuring the effective functioning of the board of directors and the\n diversity of its members, through encouraging, for example, gender diversity,\n international diversity and professional diversity. It also discusses risk\n management and directors’ remuneration. It also asks whether disclosure of\n remuneration policy, the annual remuneration report and individual\n remuneration of directors be mandatory.
Shareholders: the corporate governance framework is built on the assumption\n that shareholders engage with companies and hold the management to account\n for its performance. However, a lack of appropriate shareholder interest in\n holding financial institutions' management accountable contributed to poor\n management accountability and may have facilitated excessive risk taking in\n financial institutions. There is evidence that the majority of shareholders\n are passive and are often only focused on short-term profits. It therefore\n seems useful to consider whether more shareholders can be encouraged to take\n an interest in sustainable returns and longer-term performance, and how to\n encourage them to be more active on corporate governance issues. Moreover, in\n different shareholding structures there are other issues, such as minority\n protection. The Paper also asks whether EU rules are needed to enhance disclosure\n and management of conflicts of interest; whether there is a need for a\n European mechanism to help issuers identify their shareholders and benefit\n cooperation between investors.
Application of the ‘comply or explain’\n approach: under the 'comply or explain' approach,\n a company which chooses to depart from a corporate governance code\n recommendation must give detailed, specific and concrete reasons for the\n departure. The general introduction of the ‘comply or explain’ approach in\n the EU has had its difficulties. A recent study showed that the informative\n quality of explanations published by companies departing from the corporate\n governance code’s recommendation is - in the majority of the cases - not\n satisfactory and that in many Member States there is insufficient monitoring\n of the application of the codes. It is therefore appropriate to consider how\n to improve this situation. Some adjustments appear necessary to improve the\n application of the corporate governance codes. The solutions should not alter\n the fundamentals of the ‘comply or explain’ approach but contribute to its\n effective functioning by improving the informative quality of the reports.\n However, these solutions are without prejudice to the possible need to\n reinforce certain requirements at EU level by including them in legislation\n rather than making recommendations.
Two preliminary questions also deserve consideration.
Interested parties are invited to submit\n their views on the suggestions set out in this Green Paper to reach the\n Commission by 22 July 2011 at the latest. On the basis of the\n responses received, the Commission will take a decision on the next steps.\n Any future legislative or non-legislative proposal will be accompanied by an extensive\n impact assessment taking into account the need to avoid disproportionate\n administrative burden for companies.
\nThe Committee on Legal Affairs adopted the\nown-initiative drafted by Sebastian Valentin BODU (EPP, RO) on a\ncorporate governance framework for European companies, in response\nto the Commission Green Paper on the same issue.
\nWelcoming the Commissions revision of the EU\ncorporate governance framework initiated by the Green Paper,\nMembers regret, however, that important corporate governance issues\nsuch as board decision-making, directors responsibility,\ndirectors independence, conflicts of interest or\nstakeholders involvement have been left out of the Green\nPaper. They also regret the Green Paper's focus on the unitary\nsystem and disregard for the dual system, which is equally widely\nrepresented in Europe.
\nMembers underline the importance of the following\nissues:
\nThe Commission is called upon to submit every\nlegislative proposal it considers on corporate governance to\nimpact assessment, which should focus both on objectives to\nbe attained and on the need to keep companies\ncompetitive.
\n(1) Boards of directors:\nthe report stresses that in unitary systems there should be a\nclear demarcation between the duties of the Chair of the Board\nof Directors and the Chief Executive Officer; however, it notes\nthat this rule should be proportional to the size and the\npeculiarities of the company.
\nThe boards must include independent individuals\nwith a mix of skills, experiences and backgrounds, that this aspect\nof their composition should be adapted to the complexity of the\nactivities of the company and that it is the responsibility of the\nshareholders to ensure the right balance of skills in the\nboard.
\nThe report considers that directors pay rises\nshould be consistent with the long-term viability of their\ncompanies. It supports the inclusion in managers variable\nremuneration of long-term sustainability components, such as making\na percentage of their variable remuneration dependent on the\nachievement of corporate social responsibility targets, e.g. health\nand safety in the workplace and employee job\nsatisfaction.
\nMembers believe that strong surveillance and new rules\nmust be introduced to forbid any malpractices concerning the\nsalaries, bonuses and compensation paid to executives of\ncompanies belonging to the financial or non-financial corporate\nsector that have been bailed-out by a Member State\ngovernment.
\n(2) Shareholders:\nMembers believe that shareholders engagement with the company\nshould be encouraged by enhancing their role, but that this\ninvolvement should be a discretionary choice and never an\nobligation. Nevertheless, they believe that measures to incentivise\nlong term investment should be considered and also a requirement\nfor full transparency of voting for any borrowed shares, apart from\nbearer shares. They consider that institutional investor behaviour\naimed at creating liquidity and keeping good ratings should be\nreconsidered, as this solely encourages short-term shareholding by\nsuch investors.
\nThe report notes that there is a lack of long-term\nfocus within the market and urges the Commission to review all\nrelevant legislation to assess whether any requirements have\ninadvertently added to short-termism.
\nThe Commission is called upon to:
\nMembers consider that companies should be entitled\nto choose between a name shares regime and a bearer shares\nregime. They consider that, if they choose name shares,\ncompanies should be entitled to know the identity of their owners\nand that minimum harmonisation requirements should be set at EU\nlevel for the disclosure of material shareholdings.
\nLastly, Members consider that the question of employee\nshare ownership schemes is one which should be regulated at Member\nState level and left to negotiations between employers and\nemployees: the possibility of participating in such a scheme should\nalways be of a voluntary nature.
\n(3) The comply or explain\nframework: Members believe that this\nsystem is a useful tool in corporate governance. They are in\nfavour of compulsory adherence to a national corporate governance\ncode or a Code of Conduct chosen by the company; considers that any\ndeviation from the Code of Conduct should be explained in a\nmeaningful way and that, in addition to this explanation, the\nalternative corporate governance measure taken should be described\nand explained.
\nLastly, the report stresses the need to achieve\nbetter functioning of, and compliance with, existing\ngovernance rules and recommendations rather than imposing\nbinding European corporate governance rules.
\nThe European Parliament adopted by 311 votes to 250,\nwith 44 abstentions, a resolution on a corporate governance\nframework for European companies, in response to the Commission\nGreen Paper on the same issue.
\nIt should be noted that an alternative motion for a\nresolution by the S&D and Green/ALE Groups was rejected in\nplenary.
\nGeneral approach:\nwelcoming the Commissions revision of the EU corporate\ngovernance framework initiated by the Green Paper, Parliament\nregrets, however, that important corporate governance issues such\nas board decision-making, directors responsibility,\ndirectors independence, conflicts of interest or\nstakeholders involvement have been left out of the Green\nPaper. It also regrets the Green Paper's focus on the unitary\nsystem and disregard for the dual system, which is equally widely\nrepresented in Europe.
\nMembers underline the importance of the following\nissues:
\nThe Commission is called upon to submit every\nlegislative proposal it considers on corporate governance to\nimpact assessment, which should focus both on objectives to\nbe attained and on the need to keep companies\ncompetitive.
\nBoards of directors: the\nresolution stresses that in unitary systems there should be a\nclear demarcation between the duties of the Chair of the Board\nof Directors and the Chief Executive Officer; however, it notes\nthat this rule should be proportional to the size and the\npeculiarities of the company.
\nThe boards must include independent individuals\nwith a mix of skills, experiences and backgrounds, that this\naspect of their composition should be adapted to the complexity of\nthe activities of the company and that it is the responsibility of\nthe shareholders to ensure the right balance of skills in the\nboard. The resolution calls on companies to implement transparent\nand meritocratic methods in the field of human resources and to\ndevelop and promote efficiently mens and womens talents\nand skills. Moreover, plenary called on the Commission to present,\nas soon as possible, comprehensive current data on female\nrepresentation within all types of company in the EU and on the\ncompulsory and non-compulsory measures taken by the business sector\nas well as those recently adopted by the Member States with a view\nto increasing such representation, and, following this exercise, if\nthe steps taken by companies and the Member States are found to be\ninadequate, to propose legislation including quotas \nin the course of 2012 to increase female representation in\ncorporate management bodies to 30 % by 2015 and to 40% by 2020,\nwhile taking account of the Member States responsibilities\nand of their economic, structural (i.e. relating to company size),\nlegal and regional specificities.
\nMembers stress that directors must devote\nsufficient time to the performance of their duties.
\nThe resolution considers that directors pay\nrises should be consistent with the long-term viability of their\ncompanies. It supports the inclusion in managers variable\nremuneration of long-term sustainability components, such as making\na percentage of their variable remuneration dependent on the\nachievement of corporate social responsibility targets, e.g. health\nand safety in the workplace and employee job\nsatisfaction.
\nMembers believe that strong surveillance and new rules\nmust be introduced to forbid any malpractices concerning the\nsalaries, bonuses and compensation paid to executives of\ncompanies belonging to the financial or non-financial corporate\nsector that have been bailed-out by a Member State government. They\nalso encourage disclosure of company remuneration policies and\nannual remuneration reports, which should be subject to approval by\nthe shareholders meeting.
\nShareholders: Members\nbelieve that shareholders engagement with the company should\nbe encouraged by enhancing their role, but that this\ninvolvement should be a discretionary choice and never an\nobligation. Nevertheless, they believe that measures to incentivise\nlong term investment should be considered and also a requirement\nfor full transparency of voting for any borrowed shares, apart from\nbearer shares. They consider that institutional investor behaviour\naimed at creating liquidity and keeping good ratings should be\nreconsidered, as this solely encourages short-term shareholding by\nsuch investors.
\nThe resolution notes that there is a lack of long-term\nfocus within the market and urges the Commission to review all\nrelevant legislation to assess whether any requirements have\ninadvertently added to short-termism.
\nThe Commission is called upon to:
\nMembers consider that companies should be entitled\nto choose between a name shares regime and a bearer shares\nregime. They consider that, if they choose name shares,\ncompanies should be entitled to know the identity of their owners\nand that minimum harmonisation requirements should be set at EU\nlevel for the disclosure of material shareholdings.
\nLastly, Members consider that the question of employee\nshare ownership schemes is one which should be regulated at Member\nState level and left to negotiations between employers and\nemployees: the possibility of participating in such a scheme should\nalways be of a voluntary nature.
\n(3) The comply or explain\nframework: Parliament believes that\nthis system is a useful tool in corporate governance. It is\nin favour of compulsory adherence to a national corporate\ngovernance code or a Code of Conduct chosen by the company and\nconsiders that any deviation from the Code of Conduct should be\nexplained in a meaningful way and that, in addition to this\nexplanation, the alternative corporate governance measure taken\nshould be described and explained.
\nLastly, the resolution stresses the need to achieve\nbetter functioning of, and compliance with, existing\ngovernance rules and recommendations rather than imposing\nbinding European corporate governance rules.
\n