5 Amendments of Sharon BOWLES related to 2011/2181(INI)
Amendment 16 #
Draft opinion
Paragraph 2
Paragraph 2
2. Believes that a ‘comply or explain’ 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;
Amendment 17 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Believes that a basic set of EU corporate governance measures should apply to all listed companies, no matter what their size; 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;
Amendment 44 #
Motion for a resolution
Paragraph 13
Paragraph 13
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 concernednotes the escalating differential in pay between company directors of major organisations and average workers; considers greater disclosure would help to address this growing inequality;
Amendment 54 #
Motion for a resolution
Paragraph 15
Paragraph 15
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;
Amendment 56 #
Motion for a resolution
Paragraph 18
Paragraph 18
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;