Activities of Jürgen CREUTZMANN related to 2010/2009(INI)
Shadow opinions (1)
OPINION on remuneration of directors of listed companies and remuneration policies in the financial services sector
Amendments (9)
Amendment 1 #
Draft opinion
Recital A
Recital A
A. whereas remuneration policies in some companies in the financial sector and in some other listed companies hasve been disproportionately high and based such as to encourage staff to carry out transactions secureking short-term profits, creating increasingly risky business models to the detriment of workers, savers and investor but yielding no sustainable growth, with increasingly risky business models being developed to this end, in some cases with destabilising effects,
Amendment 3 #
Draft opinion
Recital B
Recital B
B. whereas the Commission presented Recommendations on remuneration policies in the financial services sector and for listed companies on 30 April 2009, and whereas the Council and the European Parliament are currently amending the Capital Requirements Directives so as to incorporate, inter alia, financial supervision of remuneration policy,
Amendment 4 #
Draft opinion
Recital B a (new)
Recital B a (new)
Ba. whereas the agreed principles and measures already taken in respect of remuneration policy should be continually reviewed and where necessary adapted in order to create uniform conditions throughout Europe and secure the global competitiveness of the European finance industry,
Amendment 8 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Stresses that policy on the remuneration of directors and other staff who bear responsibility for risky decisions should be consistent with a balanced and properly functioning system of risk management, and that there should be an appropriate ratio between fixed and variable pay;
Amendment 9 #
Draft opinion
Paragraph 2 b (new)
Paragraph 2 b (new)
2b. Stresses that variable remuneration should be calculated in accordance with pre-determined measurable criteria geared to securing corporate policy sustainability; also calls for the payment of a large portion of variable remuneration to be deferred for several years to ensure that longer-term risks are also taken into account;
Amendment 10 #
Draft opinion
Paragraph 3
Paragraph 3
Amendment 22 #
Draft opinion
Paragraph 4
Paragraph 4
4. Calls for complete transparency with regard to remuneration policies for directors and urges the Commission to explore the possibilities of standardising such disclosure;
Amendment 29 #
Draft opinion
Paragraph 5
Paragraph 5
Amendment 37 #
Draft opinion
Paragraph 7
Paragraph 7