3 Amendments of Konstantinos POUPAKIS related to 2009/0099(COD)
Amendment 49 #
Proposal for a directive – amending act
Recital 5 a (new)
Recital 5 a (new)
(5a) In drawing up the points and objectives on the basis of which long-term performance will be evaluated, account should be taken not only of performances and the related risks, but also of the performance and objectives in the field of social responsibility, which would to some extent make acceptable the payment of deferred variable remuneration;
Amendment 50 #
Proposal for a directive – amending act
Recital 5 b (new)
Recital 5 b (new)
(5b) Guaranteed variable remuneration is incompatible with sound risk management and the principle of performance-based remuneration and should not be included in planning remunerations strategy. By way of exception, guaranteed variable remuneration may be granted in a very small number of cases and only in the event of the recruitment of new staff and must be restricted to the first year of employment.
Amendment 64 #
Proposal for a directive – amending act
Annex 1 – point 1
Annex 1 – point 1
Directive 2006/48/EC
Annex V – Section 11 – point 22 – point i a (new)
Annex V – Section 11 – point 22 – point i a (new)
(ia) Existing contractual remuneration linked to the termination of employment must be reviewed and only maintained if it can be clearly concluded that it is compatible with the creation of long-term value and reasonable risk-taking. Any such remuneration must be linked to the performance during the year and planned in such a way that failure is not rewarded.