Brussels, 30/06/2015 (Agence Europe) - A compromise is reported to be taking shape at the European Parliament on the 'shareholder rights' dossier, particularly on the question of fiscal transparency for multinationals by means of 'country-by-country reporting'.
The talks continue, but it now appears that the EPP group may decide to abstain during the vote on these declarations and vote in favour of the report. In exchange, the S&D is reported to have agreed to abstain on the question of the long-term commitment of shareholders. Further concessions have been made to the EPP, notably on whether the shareholders will have a compulsory or consultative vote on directors' pay, which would then be left up to the discretion of the member states. A source close to the discussions explains that the ALDE group is trying to obtain more, particularly as regards share value as part of directors' pay. The vote will be held in plenary during the July session. It is now hoped that the provisions on the declarations can be adopted. (Elodie Lamer)