Germany gets tough on executive pay

The toughest crackdown in Europe against excessive boardroom pay was launched by German legislators on the 29 May 2009 when they backed a bill that will cap executive compensation.
The stricter-than-expected rules, almost certain to be enacted before the summer of 2009, would also allow supervisory boards to give shareholders a non-binding vote on executive pay packages at general meetings.

ESO: Background information: Bickering puts German executive pay bill at risk http://www.europeansources.info/record/bickering-puts-german-executive-pay-bill-at-risk/

ESO: Background information: Payoff for Valeo boss sparks French outrage http://www.europeansources.info/record/payoff-for-valeo-boss-sparks-french-outrage/

---