EU to push for binding investor pay votes

Report of a FT interview with Michel Barnier, European Commissioner for Internal Market and Services, May 2012.

In a set of corporate governance reforms likely to be launched in the autumn of 2012, shareholders in Europe’s listed companies will be given a binding vote on pay while those who invest in banks will gain powers to set a cap on bonus levels, under plans being currently drawn up by the European Commission.

EurActiv, 16.5.12: EU's Barnier urges binding shareholder vote on executive pay http://www.euractiv.com/euro-finance/eus-barnier-urges-binding-shareholder-vote-pay-news-512773

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