14 Amendments of Gunnar HÖKMARK related to 2011/2181(INI)
Amendment 4 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Acknowledges that company law in Member States stems from different traditions and judicial principles; therefore, underlines that detailed specifications regarding corporate governance are most properly decided upon in the national frameworks;
Amendment 6 #
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
1b. Encourages further voluntary industry agreements on the "comply or explain" basis at the EU level;
Amendment 7 #
Draft opinion
Paragraph 2 – point 1
Paragraph 2 – point 1
Measures by national trading authorities to increase the responsibility of individual board members and companies, including a possible system of sanction by the ways and means that are suitable for the customs and judicial traditions which have developed alongside national provisions in the field of company law in Member States,
Amendment 14 #
Motion for a resolution
Paragraph 3
Paragraph 3
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;
Amendment 18 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Believes that a basic set of EU corporate governance measurprinciples should apply to all listed companies, no matter what their size;
Amendment 19 #
Draft opinion
Paragraph 4
Paragraph 4
4. Supports the requirement for public disclosure on diversity policy and the introduction of a minimum gender balance of 1/3Reaffirms the responsibility of owners regarding appointment of board members to consider the importance of having a broad set of competences and skills, including men as well as women;
Amendment 23 #
Motion for a resolution
Paragraph 5
Paragraph 5
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;
Amendment 27 #
Draft opinion
Paragraph 5
Paragraph 5
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 ‘grey directors’ should be phased outUnderlines that it is the competence of the annual shareholders’ meeting to appoint members of the board that represent competences and skills vital to the specific company;
Amendment 30 #
Motion for a resolution
Paragraph 8
Paragraph 8
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 Cshaireholders to ensure the right balance of skills in the board;
Amendment 32 #
Motion for a resolution
Paragraph 9
Paragraph 9
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;
Amendment 37 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Calls for an increase in the number of women on boards by means of a system of flexible quotaUnderlines 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;
Amendment 40 #
Motion for a resolution
Paragraph 11
Paragraph 11
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’s shareholders; highlights the importance of board members being fully transparent and open with their other engagements;
Amendment 51 #
Motion for a resolution
Paragraph 14
Paragraph 14
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 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;
Amendment 68 #
Motion for a resolution
Paragraph 27
Paragraph 27
27. Believes that the ‘comply-or-explain’ 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;