Database on German and European Economic Law

 Recommendation 2004/913/EC

I. Description

In order to increase accountability, the remuneration policy should be submitted to the annual general meeting for a vote. The vote at that meeting  could be advisory, so that the rights of the relevant bodies responsible for directors' remuneration would not be altered. An advisory vote would not  entail any obligation either to amend directors' contractual entitlements or to amend the remuneration policy.

II. General Information

Title

Commission recommendation of 14 December 2004 fostering an appropriate regime for the remuneration of directors of listed companies

Status
Existing
Recommendation
2004/913/EC
Source
O.J. EC No L (Legislation), Edition 385, Year 2004, p.55 - 59
Adoption
12/14/2004
Promulgation
12/29/2004
Character
Regular Act
Legal Basis
Art. 211 Gedankenstr. 2 EC
Legislative Procedure
Codecision procedure

III. Versions and Legislative History

1. Versions

Titel
Allg. Daten
Textfassung

Original Text :
Commission recommendation of 14 December 2004 fostering an appropriate regime for the remuneration of directors of listed companies

  2004/913/EC

Beschluss:
12/14/2004 (A)
Verkuendung:
12/29/2004 (P)
(A) Adoption | (P) Promulgation

IV. Umsetzung in den Mitgliedstaaten

1. Implementation in Germany

08/03/2005 (A)

08/10/2005 (P)

(A) Adoption | (P) Promulgation

Legend

Legislative Act Status

Documents

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Overview

I. Description
II. General Information
III. Versions and Legislative History
1. Versions
IV. Umsetzung in den Mitgliedstaaten
1. Implementation in Germany