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What’s on in the EU. EU-legislation and the pipeline. CRD IV. Into force on 1 January 2014 Cap on bonus to risk takers other than boardmembers and directors Employee representation in remuneration committee Whistleblower requirements. Cap on bonus.
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What’s on in the EU EU-legislation and the pipeline
CRD IV • Into force on 1 January 2014 • Cap on bonus to risk takers other than boardmembers and directors • Employee representation in remuneration committee • Whistleblower requirements
Cap on bonus • Boardmembers, directors and othermaterialrisktakers • 100% - or 200% ifdecided by highestauthority • Binding technical standards from EBA • Not final before 1 january 2014!
Employeerepresentationin remunerationcommittee • If employeesarerepresented at boardlevel • Obligatoryrepresentation in remunerationcommittee
Whistleblower requirements • 2 channels • Authority + Company level • Independent and confidential • Whistleblower protection • Whistleblower channel by collective agreement • Why?
The pipelinerelated to sector • EBA guidelines (regulatorytechnical standards) • Remuneration • Instruments • Housingcreditdirective • remunerationagain
The pipelinein general • Data protection • Non-discrimination • Directive on enforcement of posting and services directive
European Parliament • Last minutecreativity – or sneaking by? • CRD IV and representation in remunerationcommittee • Cercas-report
Commission • Drive to end long standingpendingproposals?
ECJ • Increase in cases on age discrimination • New definition of ”handicap”