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Dutch Parliament votes in favour of strict curbs on remuneration in Dutch financial sector (including the world’s toughest bonus cap of 20%)

Further to our alerts of 28 November 2013, 15 July 2014 and 2 October 2014, we can now report that Dutch Parliament voted in favour of proposed strict remuneration curbs (including the world’s toughest bonus cap of 20%) today.

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Employment and Incentives - ShareKnowledge : New board pay rules – are they working?

FTSE 100 companies have consulted far more widely with their shareholders on board pay and there have been far fewer shareholder ‘revolts’ on pay as a result.

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UK Corporate Update : Competition & Markets Authority publishes final order on mandatory tendering of audit contracts

The Competition & Markets Authority has published a final order to require FTSE 350 companies to put their audit contracts out to tender every 10 years and to give more powers to audit committees in relation to auditor appointments.

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Links to China : Investigations in the auto-parts sector

As part of the global crackdown on auto parts makers, which started in 2010, when regulators in the United States, Europe and Japan, commenced their investigations into wire harnesses, China – the world’s biggest car market – has recently started to clean its local market from two ends.

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