Europe: directors' remuneration - Commission adopts new Recommendation

The European Commission has adopted a new Recommendation concerning the remuneration of listed company directors. The Recommendation contains guidance about the structure of remuneration and the manner in which it is determined. It supplements a couple of earlier Recommendations (2004/913/EC and 2005/162/EC). Recommendations are not binding on Member States but are intended to be persuasive. 

A copy of the new Regulation will soon be available here. Meanwhile, further information is available here and frequently asked questions have been published here. The Commission has also adopted a Recommendation concerning the remuneration of risk taking staff within financial institutions, about which see here.