2 Amendments of Wolf KLINZ related to 2010/2009(INI)
Amendment 20 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Stresses that a remuneration committee shall have access to the subject matter of contracts, whereby contracts under the scrutiny of this committee shall be designed in a way that makes it possible to punish acts of gross negligence by payment deductions. Gross negligence occurs when the necessary diligence in particular is not respected. In this case, the remuneration committee shall establish that the deduction is not merely of symbolic nature but contributes substantially to paying for the damage caused. Furthermore, financial institutions shall be urged to make use of a Malus, which means the return of performance related compensation as a result of the discovery of poor performance;
Amendment 54 #
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17a. Stresses that Directors and Officers Liability Insurance aiming to protect companies’ directors, officers and senior managers against claims arising from risky or negligent decisions and actions taken whilst managing their business are not in line with a sustainable risk management in the field of remuneration;