Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-465"

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"en.20100706.30.2-465"2
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"Madam President, Commissioner, ladies and gentlemen, I would like to thank the two rapporteurs for their excellent work. The restriction on bonuses to top managers is a very important sign: first of all, because it is the first time, anywhere in the world, that a ceiling on payments to bank directors has been established; secondly, because this is a package of clear rules – managers’ bonuses must only be paid when the bank has collected the profits and no longer only on the basis of forecast results; and thirdly, because the new measures will put an end to the encouragement to take excessive risks. Finally, there will be greater transparency and responsibility since shareholders will be able to take part in shareholders’ meetings and exercise the right to vote on the remuneration of directors."@en1
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