The EC’s “Green Paper” on CG and Remuneration in Financial Institutions

The European Commission's Green Paper on corporate governance and remuneration policies in financial institutions madenumber of significant suggestions, including:

a) limiting the number of board memberships, and requiring greater expertise and qualificationson boards;

b) mandating risk committees and stronger risk management functions;

c) fortifying the legal liability of directors under an expanded duty of care;

d)regulating or restricting stock options; and

e) requiring that institutional investors publish their voting and engagement policies and records, and comply with stewardship codes.

The full Green Paper is on BDTI's data library:

A convenient summary of the EC's report can be found here:

The Board Director Training Institute (BDTI) is a "public interest" nonprofit in Japan dedicated to training about directorship, corporate governance, and related management techniques. It is certified by the Japanese government to conduct these activities as a regulated nonprofit. Read a summary about BDTI here, and see a menu of its services for both corporations and investors here.

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