With reference to, among other things, the European Commission Green Paper described above, on 7 July 2010 the European Parliament adopted a resolution in which it made a number of concrete suggestions regarding the regulation of remuneration policies in the financial sector and of listed companies. In the resolution, among other things, the European Commission is requested to establish 'strict and binding' principles for the remuneration policies in the financial sector. In the European Parliament's view, these principles should build on the proposed EU directive on (among other things) remuneration policies of banks (see below). For listed companies, a 'disclosure-driven regime' should be introduced, under which companies not complying with these principles must justify such non-compliance.
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European Parliament resolution
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