10 Amendments of Raffaele BALDASSARRE related to 2009/2177(INI)
Amendment 6 #
Draft opinion
Recital B
Recital B
B. whereas profits generated in the financial sector have been disconnected from economic growththe real economy, with disproportionately high remunerations, based solely on shareholder profits, creating immoral risks with employees’, savers’ and investors’ money,
Amendment 9 #
Draft opinion
Recital D
Recital D
D. whereas, despite being largely responsible forthe bonus system, which also had an impact on the current crisis, the bonus system has been maintained and financial sector pressure groups are resisting any financial legislation,
Amendment 10 #
Draft opinion
Recital E
Recital E
E. whereas workers should be given new rights in respect of the management of their firmsexisting legislation on information and consultation of workers as regards management of their firms must be correctly implemented so as to make possible a genuine dialogue with management and a clear definition of the firms’ remunerations and objectives,
Amendment 13 #
Draft opinion
Paragraph 1
Paragraph 1
1. Stresses that the world needs a new social and environmbusiness model based on prudential business model based on the long term which takessupervision systems. In the long term the greatest attention to social and environmental needs is necessary, taking into account the general interest and the interest of the workers and employers; believes that the financial sector should respond to the needs of the real economy and demonstrate greater social responsibility, in particular by using employment- and training- friendly resources;
Amendment 21 #
Draft opinion
Paragraph 3
Paragraph 3
3. Stresses the need for proportionality of remuneration within companies by linking changes in the overall remuneration and pensions of directors to those of staff and by discouraging excessive risk-taking, and, for reasons of social justice, wishes to see the salaries, bonuses and pensions of the directors of companies receiving aid from the Member States or from the European Union capped and made subject to high and progressive taxationappropriate governance control based on adequate information rights;
Amendment 33 #
Draft opinion
Paragraph 6
Paragraph 6
6. Calls for new national supervisory authorities to be giving binding powers to ensure compliance with these principles, and for aid to be subject to commitments on jobs, training and working conditions of sound financial management;
Amendment 36 #
Draft opinion
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Recalls that, during the process of economic renewal, in addition to supporting the real economy, measures for the protection of jobs, training and working conditions are of major importance and should be taken into account by all stakeholders;
Amendment 37 #
Draft opinion
Paragraph 7
Paragraph 7
7. Draws attention to the importance of ensuring that the regulation of financial incentives and remuneration structures in this sector does not adversely affect trade union organisations’ right to collective bargaining; calls for this point to be specified in the actual text of Directive 2006/49/EC, not merely in the preamble;
Amendment 41 #
Draft opinion
Paragraph 8
Paragraph 8
8. Calls for complete transparency for employees and citizens with regard to remuneration policies for directors and ain accordance with national and EU legislation. Recalls the right to information, supervision and consultation for employees and their trade union organisations through works councils and group works councils;
Amendment 42 #
Draft opinion
Paragraph 9
Paragraph 9
9. Calls for employees’ representatives, in all cases, to have a say in the setting and supervising of directors’ remunerations, irrespective of the various management,fficient implementation of the rules on consultation and employee participation systems opted for in the context of Directive 2001/86/EC supplementing the Statute for a European Company with regard to the involvement of employees.