Commission adopts technical standards for the identification of material risk takers subject to the rules on remuneration in the Capital Requirement Directive – 04.03.2014
The Commission has adopted Regulatory Technical Standards on criteria to identify categories of staff whose professional activities have a material impact on an institution's risk profile. These standards supplement the requirements of the Capital Requirements Directive (CRD IV) and will ensure that the CRD rules on remuneration are applied consistently across the EU.
Commission reports on the application by Member States of Recommendations on remuneration issues – 02.06.2010
The Commission reports one year after the adoption of Recommendation 2009/384/EC and of Recommendation 2009/385/EC on measures taken by Member States to promote the application of these Recommendations. The two reports are complemented by two staff working documents which provide detailed analysis of the measures taken by Member States:
Amendments to the Capital Requirements Directive – 13.07.2009
The Commission has adopted a proposal to further amend the CRD. The proposed amendments will address inter alia remuneration policies of credit institutions.
Communication and Recommendations on Remuneration issues
The importance of the current financial crisis raised serious questions about the adequacy of the existing corporate governance practices (including on the setting of compensation policies) in financial institutions. Taking into account the lessons of the crisis, the Commission has adopted a Communication and two complementary recommendations on remuneration policies.
Communication accompanying Commission Recommendation complementing Recommendations
2004/913/EC and 2005/162/EC as regards the regime for the remuneration of directors
of listed companies and Commission Recommendation on remuneration policies in the
financial services sector.
Roundtable on Directors´ Remuneration
The European Commission services (DG Internal market & Services) organised a Roundtable discussion on Directors´ remuneration (including in the financial services sector) on 23 March 2009 in Brussels, in order to consult the relevant stakeholders on this file. The event featured four panels in which different aspects of the issue were discussed: the socio-economic aspects of directors´ remuneration, the realisation and structure of a directors´ remuneration package, the possible content of new EU provisions addressing directors´ remuneration and strengthening the application of the existing and future provisions on directors´ remuneration. Discussions will take place in English.
Documents and Presentations:
Recommendation on Directors’ Pay of December 2004
The Commission Action Plan on modernising company law and enhancing corporate governance in the European Union recognised the need for shareholders to be able to appreciate fully the relationship between the performance of the company and the level of remuneration of directors, both ex ante and ex post, and to make decisions on the remuneration items linked to the share price. The Commission recommended the adoption in the short term of a Commission recommendation which should promote the swift application of an appropriate regulatory regime for directors’ remuneration.
Application of the Recommendation by Member States