Corporate governance: EC announces results of consultation on directors' remuneration
European Commission 15-06-2004
A summary of the results of its consultation on Fostering an Appropriate regime for the Remuneration of Directors (see IP/04/252) has been published on the European Commission's Europa Internet site. The consultation document, published on 23 February 2004, proposed a set of measures primarily covering disclosure of remuneration policy and of individual remuneration, as well as shareholder approval of share-based remuneration schemes for directors. The Plan was open to public consultation until 12 April. The Commission now intends to bring forward a Recommendation on directors' remuneration in autumn 2004, taking account of the consultation results. The full report is available on the Europa website at:
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