Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-463"

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"en.20100706.30.2-463"2
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"Madam President, I was shadow rapporteur for the second report, and I would first of all like to thank our rapporteur for his excellent cooperation. After the extensive financial crisis, it is probably only natural for us to review remuneration policy within this sector. At the same time, we have to admit that the issue has, without a doubt, been politically interesting and quite simply populistic. It is clear that we need principles that promote and create guidelines for a sound remuneration policy. We know that there have been individual cases where remuneration policy could have given rise to the problems that we have seen over recent years. At the same time, we must avoid broad generalisations and blaming the sector as a whole. We should perhaps remember that it is hardly in the interests of an individual company to encourage exaggerated risk taking. I am therefore also pleased that we were finally able to agree on the comply-or-explain principle, among other things. In the end, we succeeded in achieving a relatively balanced result. I believe this is a good result, even though I think that as politicians, we should perhaps, in principle, not go into as much detail as we are doing in this case."@en1
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