Shows & Panels
- AFCEA Answers
- Ask the CIO
- The Big Data Dilemma
- Carrying On with Continuity of Operations
- Connected Government
- Constituent Servicing
- Continuous Monitoring: Tools and Techniques for Trustworthy Government IT
- The Cyber Imperative
- Cyber Solutions for 2013 and Beyond
- Expert Voices
- Federal Executive Forum
- Federal IT Challenge
- Federal Tech Talk
- Mission-critical Apps in the Cloud
- The Path from Legacy Systems
- The Real Deal on Digital Government
- The Reality of Continuous Monitoring... Is Your Agency Secure?
- Veterans in Private Sector: Making the Transition
Shows & Panels
Report: EU to propose controls on bosses' pay
Monday - 3/11/2013, 8:30am EDT
BERLIN (AP) -- A top European Union official says he plans to propose that company shareholders across the continent be given the power to set managers' pay -- an approach similar to an initiative recently approved by voters in non-EU Switzerland.
EU internal market commissioner Michel Barnier was quoted Sunday as telling Germany's Frankfurter Allgemeine Sonntagszeitung newspaper he plans to make his proposal by the end of this year.
He says it would mean that at all publicly listed companies in the 27-nation EU shareholders would decide on the level of salaries and so-called "golden handshakes" granted to arriving or departing managers.
Barnier says he also will seek greater transparency on top salaries, perhaps by way of an annual report that would allow investors and the public to compare pay at different firms.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.