5 Amendments of Laura FERRARA related to 2014/0121(COD)
Amendment 294 #
Proposal for a directive
Article 1 – point 4
Article 1 – point 4
Direttiva 2007/36/CE
Article 9a – paragraph 1 – subparagraph 1
Article 9a – paragraph 1 – subparagraph 1
1. Member States shall ensure that shareholders have the right to vote on the remuneration policy as regards directors. Companies shall only pay remuneration to their directors in accordance with a remuneration policy that has been approved by shareholders. TheAny changes to this policy shall be submitted for approvaled by the shareholders. The shareholders shall confirm or amend the remuneration policy at least every three years.
Amendment 310 #
Proposal for a directive
Article 1 – point 4
Article 1 – point 4
Directive 2007/36/EC
Article 9a – paragraph 1 – subparagraph 2
Article 9a – paragraph 1 – subparagraph 2
Amendment 332 #
Proposal for a directive
Article 1 – point 4
Article 1 – point 4
Directive 2007/36/EC
Article 9a – paragraph 3 – subparagraph 2
Article 9a – paragraph 3 – subparagraph 2
The policy shall indicate the maximum amounts of total remuneration that can be awarded, and the corresponding relative proportion of the different components of fixed and variable remuneration. It shall explain how the pay and employment conditions of employees of the company were taken into account when setting the policy or directors' remuneration by explaining the ratio between the average remuneration of executive directors and the average remuneration of full time employees of the company other than directors and why this ratio is considered appropriate. The policy may exceptionally be without a ratio in case of exceptional circumstances. In that case, it shall explain why there is no ratio and which measures with the same effect have been taken.
Amendment 342 #
Proposal for a directive
Article 1 – point 4
Article 1 – point 4
Directive 2007/36/EC
Article 9a – paragraph 3 – subparagraph 3
Article 9a – paragraph 3 – subparagraph 3
For variable remuneration, the policy shall indicate the financial and non-financial performance criteria to be used and explain how they contribute to the long-term interests and sustainability of the company, and the methods to be applied to determine to which extent the performance criteria have been fulfilled; it shall specify the deferral periods, vesting periods for share- based remuneration and retention of shares after vesting, and information on the possibility of the company to reclaim variable remuneration. The value of shares shall not play a predominant role in comparison with financial or management performance criteria in the calculation of variable remuneration. Member States shall ensure that the calculation also takes account of programmes relating to corporate social responsibility and the results achieved in this regard.
Amendment 376 #
Proposal for a directive
Article 1 – point 4
Article 1 – point 4
Direttiva 2007/36/EC
Article 9b – paragraph 1 – point b
Article 9b – paragraph 1 – point b
(b) the relative change of the remuneration of executive directors over the last three financial years, and its relation to the development of the valueboth the administrative and financial development of the company and tohe change in the average remuneration of full time employees of the company other than directors;