The European Commission's Directorate-General for the Internal Market & Services is organising on March 23rd, a Roundtable discussion on Directors' remuneration (including in the financial services sector), in order to consult the relevant stakeholders on this file.

The Commission Action Plan on modernising company law and enhancing corporate governance in the European Union recognised the need for shareholders to be able to appreciate fully the relationship between the performance of the company and the level of remuneration of directors, both ex ante and ex post, and to make decisions on the remuneration items linked to the share price.

The Roundtable will feature four panels in which different aspects of the issue will be discussed:

• The socio-economic aspects of directors´ remuneration.
• The realisation and structure of a directors´ remuneration package.
• The possible content of new EU provisions addressing directors´ remuneration
• Strengthening the application of the existing and future provisions on directors´ remuneration.

The Commission recommended the adoption in the short term of a Commission recommendation which should promote the swift application of an appropriate regulatory regime for directors’ remuneration. However, recent evaluation by the Commission showed that the 2004 Recommendation was poorly implemented in Member States.

The panellists, representing different sectors of the private sector and administrations will have the opportunity to address issues linked to the enforcement and application of teh current and new provisions on director's remuneration in order to remedy the situation.