Press Release: Corporate governance: MEPs vote to enforce tax transparency

The European Parliament approved during its plenary session on 08 July 2015 several amendments to draft rules intended to boost transparency and foster shareholders’ long-run commitment to companies.

Members of the chamber considered that large firms and listed companies should have to disclose information, country by country, on profits made, tax paid on profits and public subsidies received. They also defended the need to empower shareholders to vote at least every three years on directors' pay policy.

The amended text was approved by 556 votes to 67 in plenary. MEPs decided not close the first reading, entering therefore into informal talks with the Council of the European Union and the European Commission on the final version of the draft law.

ESO: Background information: Give shareholders more say on directors’ pay, urge Legal Affairs Committee MEPs http://www.europeansources.info/record/press-release-give-shareholders-more-say-on-directors-pay-urge-legal-affairs-committee-meps/

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