Position Paper - Director's remuneration in listed companies in Europe

In light of the European Recommendation on Remuneration of Directors of companies, listed on European exchanges (C(2009)3177), Member States have to respond by the end of 2009 on their compliance with this recommendation. To enable the national institutes of directors, members of ecoDa, to develop guidelines and promote implementation of this recommendation, ecoDa wants to take position on the subject of director remuneration. Moreover, ecoDa, wants to stimulate its member associations to promote effective remuneration practices and guide their members – board of directors - in implementing good governance principles.