"Unreasonable bonuses and variable remuneration of directors has to be put to an end, but the EPP Group is against a one-size-fits-all approach. If a company has performed well in the crisis it should set an example. We should regulate abnormalities but not over-regulate", said Sławomir Nitras, the EPP Group's spokesman for the report on Remuneration of directors of listed companies. The report was adopted today in the Economic and Monetary Affairs Committee of the European Parliament.

The Committee Members voted in favour of building a new remuneration policy in the financial sector. It is a milestone on the road to reaching a common, competitive, European market. The EPP Group spokesman added that "inappropriate remuneration structures of some financial institutions have been one of the causes of the current economic and social crisis, and are therefore a major issue of concern for policy-makers and regulators all over the world. To make sure such a crisis will not happen again the incentive structures in place in individual companies should be looked at more carefully. Steps must be taken to decrease risks and to redesign the incentive structure".

"In my opinion it is very important to find a balance between what is needed and what is unnecessary. Economy is not only the value of money, but is also a motor of global competitiveness, it has influence on everyone's life. And this is the reason why we want to find solutions that will be applicable not only in times of financial crisis, but also during times of prosperity", said Sławomir Nitras.

The EPP Group wants a prosperous Europe based on a free market economy with a social consciousness. The Group's proposals were taken on board by other political groups (liberals and conservatives), with whom we worked closely on the final version of the compromises.

The report will be voted by the European Parliament during the July plenary session in Strasbourg. It is an addition to the already adopted Capital Requirements Directive.

Źródło: EPP Press Release