No coaching bosses remuneration but a return to the rule of capitalism. Six weeks after the controversy surrounding the emoluments of the CEO of Renault, Carlos Ghosn, the deputies seized the bill examination Tree 2 to bang your fist on the table. In late April, the Board of Directors of the automotive group and had ignored the refusal of its general meeting of shareholders to validate compensation Ghosn (€ 7.2 million).
Noting flaws the employers’ code of conduct AFEP-MEDEF as the insatiability of some CEOs in big bucks, the national Assembly decided to align the French legislation with that of the United Kingdom, Germany, Switzerland and the Netherlands: the vote of shareholders now impose on the board for everything related to “activity compensation” and “benefits any kind related to the activity “ of the presidents, general managers or assistant general managers.
Las
in an amendment passed in the Chamber, MPs added the implementation of a verification procedure “ex post” , that is to say a posteriori, “amounts to be paid under the variable remuneration, exceptional or reflecting the performance “. If the Finance Minister Michel Sapin welcomed “a significant step” , leftist elected nevertheless remain unsatisfied.
Recently, left of personalities, including Prime PS secretary, Jean-Christophe Cambadélis, but also intellectuals and trade unionists, launched in Libération a “call of the 40 CAC 40″, so that “a boss can not be paid over 100 SMIC. “ According to the socialist rebellious Pascal Cherki, in 2014, CEO pay of the CAC 40 rose 6%, where the minimum wage, which was revised upwards from 68 euros in four years, rose 1.1%.
for most, the occasion was beautiful to frame more closely employers who pay salaries regularly chronic despite the sluggish economy. Las! All the amendments were tabled to force employers to more temperance were repelled. Including that of the socialist MP Karine Berger, yet co-signed by 74 MPs PS, to cap the variable portion of executive pay at fixed fee.
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in the ranks of the majority, the disappointment was palpable. Pascal Cherki, the binding shareholder vote is that “a view that in reality will have no effect” . As for Karine Berger, Michel Sapin she accused of having clearly shown in his Chamber “substantive disagreement on limiting the wages of management and the CAC 40″. Concerned restore calm in the ranks, the minister has nevertheless not ruled out returning in the next budget law on taxation bonus shares, much appreciated compensation instruments of the big bosses, including taxation was greatly lightened it a year ago as part Macron the law. “You can count on me” promised the minister. On this topic, the “reconciliation of the left” to come.
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