Activities of Olle LUDVIGSSON related to 2009/0099(COD)
Plenary speeches (1)
Capital requirements for the trading book and for re-securitisations, and the supervisory review of remuneration policies - Remuneration of directors of listed companies and remuneration policies in the financial services sector (debate)
Amendments (4)
Amendment 72 #
Proposal for a directive – amending act
Recital 3
Recital 3
(3) In order to address the potentially detrimental effect of poorly designed remuneration structures on the sound management of risk and control of risk- taking behaviour by individuals, the requirements of Directive 2006/48/EC should be supplemented by an express obligation for credit institutions and investment firms to establish and maintain, for those categories of staff whose professional activities have a material impact on their risk profile, remuneration policies and practices that are consistent with effective risk management. Those categories should include at least senior management, risk-takers and control functions.
Amendment 83 #
Proposal for a directive – amending act
Recital 7
Recital 7
(7) The provisions on remuneration should be without prejudice to the rights, where applicable, of social partners in collective bargainingfull exercise of fundamental rights guaranteed by the Treaties, in particular the right of social partners to conclude and enforce collective agreements, in accordance with national laws and traditions.
Amendment 92 #
Proposal for a directive – amending act
Recital 12
Recital 12
(12) Good governance structures, transparency and disclosure are essential for sound remuneration policies. In order to ensure adequate transparency to the market of their remuneration structures and the associated risk, credit institutions and investments forms should disclose detailed information on their remuneration policies and practices for those staff whose professional activities have a material impact on the risk profile of the institution. That information should be made available to all stakeholders (shareholders, employees and the general public). However, this obligation should be without prejudice to Directive 95/46/EC of the European Parliament and of the Council of 24 October 1995 on the protection of individuals with the regard to the processing of personal data and the free movement of such data. The role of the European works councils should be respected in regard to the provision of information to and consultation of employees.
Amendment 157 #
Proposal for a directive – amending act
Annex I – point 1
Annex I – point 1
Directive 2006/48/EC
Annex V – section 11 – point 22 – point b a (new)
Annex V – section 11 – point 22 – point b a (new)
(ba) the provisions on remuneration in point 22 are without prejudice to the full exercise of fundamental rights guaranteed by the Treaties, in particular the right of social partners, in accordance with national laws and traditions, to conclude and enforce collective agreements;