Brussels, 05/08/2004 (Agence Europe) - Originally, the Commission had not intended to recommend that Member States take binding legislative measures and it is pleased that the question is being asked in consultation. This was how the European Commission's spokesman's department reacted on Thursday - although not denying that the Commission was moving toward more flexible measures - to information in The Financial Times that same day whereby the Commission had reviewed its ambitions downward on two points of its proposal of recommendation on corporate governance that it is to finalise end September. According to the FT, the Commission had decided not to ask Member States to adopt strict criteria for assessing the independence of administrators and would no longer call for binding legislation on the transparency of directors' pay, but would simply invite Member States to take "the necessary regulatory measures". The results of the Commission's consultation showed the concern felt by European business mainly on the possibility of asking Member States to act through regulation to increase transparency of directors' pay (see EUROPE of 17 June).