Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-178"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-07-07"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20100707.23.3-178"2
lpv:hasSubsequent	lp_eu:2010-07-07-Speech-3-1792
lpv:speaker	lp:Syed Kamall2
lpv:spoken text	"Madam President, thank you, and how wonderful it is to see you in the Chair once more. I think we all agree that remuneration should be aligned with performance. We have all been angered by what we see as directors, bankers and others who seem to be rewarded for failure, especially when their actions have led to an increase in debt and contributed to the credit bubble and the problems that we have seen. However, we should be aware of the unintended consequences of any regulation, and I am afraid that all too often, we are not. If you regulate the variable part of remuneration, if you regulate bonuses in a way that is not aligned with performance, how will these organisations respond? They will simply increase the non-variable part. They will increase the basic salary and reduce the variable part of remuneration. What you then end up with is a situation where performance and reward are actually far less aligned than they were before. Let us make sure that we study the unintended consequences of our actions."@en1
lpv:spokenAs	vice-chair; AFCO (2009-07-20--2011-02-01)3 substitute; INTA (2009-07-21--2012-01-18)3 substitute; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 member; PECH (2009-07-14--2013-11-18)3 substitute; ECON (2009-07-21--2011-06-07)3 substitute; Delegation for relations with the Maghreb countries and the Arab Maghreb Union (2009-09-16--2014-06-30)3 member; Delegation for relations with Switzerland and Norway and to the EU-Iceland Joint Parliamentary Committee and the European Economic Area (EEA) Joint Parliamentary Committee (2009-09-16--2012-02-01)3 unknown; Conservative Party (2009-07-14--2014-06-30)3 substitute; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2014-06-30)3
lpv:unclassifiedMetadata	"Syed Kamall (ECR )."1
lpv:videoURI	<go to Events_and_structure europarl>2

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