Position Paper on Directors’ remuneration in listed companies

In light of the European Recommendation on Remuneration of Directors of companies, listed on European exchanges, Member States had 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 wanted to stimulate its member associations to promote effective remuneration practices and guide their members – board of directors – in implementing good governance principles.