Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-461"

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"en.20100706.30.2-461"2
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"Madam President, we have obviously learnt something from the crisis after all, as irresponsible economic activity is now no longer to be encouraged or rewarded. The system supporting the payment of only some bonuses, in this case 20% or 30%, promotes efforts towards managing companies in a more sustainable way. The regulation should also set an example to citizens, as they have already footed enough of the bill, and it is incomprehensible why their taxes should be used to pay bonuses to irresponsible managers. We have here a regulation which is unique on a global scale. If the EU wants to avoid the possibility of emigration towards New York or Tokyo, it must now have a second trick up its sleeve, which means pushing more strongly for a common regulation on the international stage. After all, any managers who are successful and responsible also want to continue making a good living. In addition, it might be worth considering applying corporate governance requirements which do not affect the capping of executive pay, even in companies not listed on the stock exchange. This is a fundamental change towards greater sustainability and cost efficiency, and hopefully away from gambling."@en1
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