2 Amendments of Hans-Peter MARTIN related to 2011/2181(INI)
Amendment 27 #
Draft opinion
Paragraph 4
Paragraph 4
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;
Amendment 37 #
Draft opinion
Paragraph 6
Paragraph 6
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.