Samstag, 30. Mai 2009

German Executive Compensation

According to the FT, Germany's parliament has in principle backed a law which will make decisions on executive compensation more transparent, introduces caps on bonuses linked to "freak share price movements", and makes it easier for shareholders to sue members of the supervisory board for approving unreasonable pay packages.

I don't know the exact details (I only read the FT article), and presumably they are still subject to change anyway (as the law hasn't been enacted yet), but in general, I think this is a very good idea.

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