European Parliament: Corporate governance in financial institutions
May 13, 2011
On 11 May 2011, the European Parliament adopted a resolution on EU corporate governance in financial institutions in response to its continuous evolution.
The resolution focuses on the need for a proportionate approach combining targeted principle-based regulations and flexible 'comply or explain' codes of best practice in order to maintain and enhance corporate governance principles. The substantive sections of the resolution are: i) risk, ii) remuneration, iii) supervision, iv) board of directors and v) shareholder activity.