commiss recommend decemb foster regim remuner director list compani text eea relev ec commiss european commun regard treati establish european commun indent articl thereof commiss adopt commun quot modernis compani law enhanc corpor govern european union plan move forward quot rang propos strengthen sharehold right modernis board director initi aim encourag regulatori regim director remuner member state form structur level director remuner matter fall compet compani sharehold facilit recruit retent director qualiti requir run compani remuner kei area execut director conflict interest due account interest sharehold remuner system subject govern control base adequ inform right respect import respect fulli divers corpor govern system commun reflect member state view role corpor bodi respons determin polici remuner director remuner individu director disclosur accur time inform issuer secur build sustain investor confid constitut import tool promot sound corpor govern commun end import list compani displai transpar deal investor enabl express view implement recommend member state specif collect invest undertak corpor type prevent type collect invest undertak subject unnecessarili unequ treatment collect invest undertak defin council direct eec decemb coordin law regul administr provis relat undertak collect invest transfer secur ucit direct set specif govern mechan order prevent unnecessarili unequ treatment collect invest undertak corpor type subject harmonis commun level member state account extent harmonis collect invest undertak subject equival govern mechan sharehold provid clear comprehens overview compani remuner polici disclosur enabl sharehold assess compani approach remuner strengthen compani account sharehold includ element relat compens oblig compani disclos inform commerci sensit natur detriment compani strateg posit adequ transpar ensur polici director contract includ disclosur inform issu notic period termin payment contract directli link director remuner order give sharehold effect chanc express view opportun debat remuner polici basi comprehens disclosur initi process tabl sharehold resolut remuner polici explicit item agenda annual gener meet order increas account remuner polici submit annual gener meet vote vote meet advisori right relev bodi respons director remuner alter advisori vote entail oblig amend director contractu entitl amend remuner polici sharehold provid inform basi hold individu director account remuner earn earn disclosur remuner individu director compani execut execut supervisori director preced financi year import remuner light perform compani variabl remuner scheme director remuner share share option acquir share remuner basi share price movement substanti chang scheme subject prior approv annual gener meet approv relat scheme remuner rule appli establish individu remuner scheme individu remuner director scheme view import attach question remuner director monitor implement recommend case insuffici implement measur recommend section scope definit scope member state measur ensur list compani regist offic territori regard recommend duli specif featur collect invest undertak corpor type scope direct eec member state specif featur collect invest undertak corpor type subject direct sole purpos invest monei rais investor diversifi rang asset seek legal manageri control issuer underli invest member state measur ensur list compani incorpor member state primari list regul market establish territori regard provis recommend member state ensur recommend appli remuner chief execut offic circumst member administr manageri supervisori bodi list compani definit purpos recommend quot director quot mean member administr manageri supervisori bodi list compani quot list compani quot mean compani secur admit trade regul market mean direct ec member state section ii remuner polici disclosur polici director remuner list compani disclos statement remuner polici compani remuner statement part independ remuner report includ annual account annual report note annual account compani remuner statement post list compani websit remuner statement focu compani polici director remuner financi year subsequ year overview manner remuner polici implement previou financi year emphasi laid signific list compani remuner polici compar previou financi year remuner statement set inform explan rel import variabl variabl compon director remuner suffici inform perform criteria entitl share option share variabl compon remuner base suffici inform linkag remuner perform main paramet rational annual bonu scheme cash benefit descript main characterist supplementari pension earli retir scheme director disclosur inform remuner statement entail disclosur inform commerci sensit natur remuner statement summaris explain list compani polici regard term contract execut director includ inter alia inform durat contract execut director applic notic period detail provis termin payment payment link earli termin contract execut director inform preparatori decis make process determin list compani remuner polici director disclos includ inform applic mandat composit remuner committe name extern consult servic determin remuner polici role sharehold annual gener meet sharehold vote prejudic role organis relev bodi respons set director remuner remuner polici signific chang remuner polici explicit item agenda annual gener meet prejudic role organis relev bodi respons set director remuner remuner statement submit annual gener meet sharehold vote vote mandatori advisori member state provid vote held sharehold repres total number vote held sharehold present repres annual gener meet request prejudic sharehold tabl resolut accord nation provis list compani inform sharehold entitl receiv notic meet intent tabl resolut approv remuner statement annual gener meet section iii remuner individu director disclosur remuner individu director total remuner benefit grant individu director relev financi year disclos detail annual account note annual account applic remuner report annual account note annual account applic remuner report show inform list point person serv director list compani time relev financi year remuner emolu inform present total amount salari paid due director servic perform relev financi year includ attend fee fix annual gener sharehold meet remuner advantag receiv undertak belong group remuner paid form profit share bonu payment reason bonu payment profit share grant payment legal allow signific addit remuner paid director special servic scope usual function director compens paid receiv execut director connect termin activ financi year total estim cash benefit consid remuner item cover point share right acquir share option share incent scheme inform present number share option offer share grant compani relev financi year condit applic number share option exercis relev financi year number share involv exercis price interest share incent scheme end financi year number share option unexercis end financi year exercis price exercis date main condit exercis right chang term condit exist share option occur financi year supplementari pension scheme inform present pension scheme defin benefit scheme director accru benefit scheme relev financi year scheme defin contribut scheme detail contribut paid payabl list compani respect director relev financi year permiss nation law articl associ list compani make payment amount shown compani subsidiari compani includ compani consolid annual account paid loan advanc payment guarante person serv director time relev financi year includ amount outstand interest rate section iv share base remuner sharehold approv scheme director remuner share share option acquir share remuner basi share price movement subject prior approv sharehold resolut annual gener meet prior adopt approv relat scheme grant share base benefit scheme individu director approv annual gener meet obtain grant share base scheme includ share option director determin maximum number main condit grant process term option exercis condit subsequ chang exercis price option legal permiss long term incent scheme director elig offer similar term employe annual gener meet set deadlin bodi respons director remuner award type compens individu director substanti chang term condit scheme subject approv sharehold resolut annual gener meet prior adopt case sharehold inform full term propos explan effect propos arrang permiss nation law articl associ list compani discount option arrang right grant subscrib share price lower market share date price determin averag market valu number dai preced date exercis price determin receiv approv sharehold point appli scheme particip offer similar term employe list compani subsidiari undertak employe elig particip scheme approv annual gener meet section inform final provis inform prior annual gener meet draft resolut tabl accord point accord nation law articl associ list compani inform notic resolut made sharehold notic full text share base remuner scheme descript princip term name particip scheme set relationship scheme director remuner polici draft resolut refer scheme summari princip term inform made sharehold compani intend provid share need meet oblig incent scheme state compani intend purchas share market hold treasuri issu share inform provid overview cost scheme compani view intend applic inform post list compani websit final provis member state invit measur promot applic recommend june invit notifi commiss measur accord recommend order commiss monitor close situat basi assess measur recommend address member state brussel decemb commiss charli mccreevi member commiss final oj direct amend direct ec european parliament council oj