Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-456"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-07-06"^^xsd:date2
dcterms:Is Part Of	lp_eu: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)2
dcterms:Language	"da"^^xsd:language2
lpv:document identification number	"en.20100706.30.2-456"2
lpv:hasSubsequent	lp_eu:2010-07-06-Speech-2-4572
lpv:speaker	lp:Ole Christensen2
lpv:spokenAs	substitute; PECH (2009-07-16--2012-01-18)3 unknown; Socialdemokratiet (2009-07-14--2014-06-30)3 member; EMPL (2009-07-16--2012-01-18)3 member; S&D (2009-07-14--2014-06-30)3 member; Delegation to the ACP-EU Joint Parliamentary Assembly (2009-09-16--2014-06-30)3 substitute; Delegation to the EU-Turkey Joint Parliamentary Committee (2009-09-16--2014-06-30)3
lpv:translated text	"Madam President, the financial incentives that bonuses have provided and that have affected the behaviour of stockbrokers, portfolio managers and directors in the financial sector were a major contributing factor to the financial crisis. We know what the outcome of this was, and therefore it is clearly a good thing that the directive is being amended so that we can avoid something similar happening in future. In this regard, I would like to congratulate the rapporteur on the new agreement and thank her for the work she has done. We actually discussed remuneration policies in the Committee on Employment and Social Affairs, and we therefore welcome those areas of the agreement, for example, that focus on more openness and transparency in connection with the provision of information to all stakeholders, shareholders, employees, the general public and the authorities. Moreover, in the Employment Committee’s opinion, we were almost unanimously in favour of a ban on stock options. Stock options have been the bonus scheme instrument that has provided the greatest incentive to take unnecessary risks that have resulted in losses. Even the financial sector recognises this problem, and I therefore regret the fact that the agreement does not contain a ban on stock options."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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