Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-472"

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"Mr President, ladies and gentlemen, I too shall keep it brief. I believe we all agree that ground rules are needed for remuneration policies, and it is clear – from an evaluation of the Recommendations on remuneration policies published by the Commission one year ago – that these must be as binding as possible. I am, of course, aware that not everyone wants to go as far in this matter and not everyone is as ambitious, but we must all agree that what we are discussing today and will hopefully be adopting tomorrow is just an initial step in the right direction. It cannot be the end of the story. It is clear that there is still work to be done. Supervisors must be strengthened so as to enable external monitoring, too, of companies’ remuneration policies. The role of the remuneration committees must be clarified, as must the link with those engaged in risk management. The role of the shareholders must also be strengthened. Therefore, Commissioner, I am delighted to hear that you are in favour of a corporate governance regulatory framework for all companies, and I gather that there is to be an in-depth discussion on this with stakeholders in the coming months. This is important, and it is also an important signal to our citizens that we are serious about establishing solid ground rules for this in the interests of the companies themselves and of the economy."@en1
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