March 6, 2013 / 4:01 PM / in 5 years

EU Commission to propose shareholders vote on executive pay

BRUSSELS, March 6 (Reuters) - The European Commission plans to propose legislation by the end of this year that would give shareholders in EU companies a mandatory vote on executives’ pay.

“I am in favour of making shareholders more responsible on pay,” Michel Barnier, the commissioner in charge of financial regulation, said in a statement to Reuters.

“I am currently working on EU legislation that would give shareholders a mandatory say on remuneration,” he said.

A spokesman for the commissioner said the proposal would be made this year.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below