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Legal Briefing
Commission green paper on corporate governance in financial institutions
Practice Area: Regulation and Compliance
Sector: Investment Management
Jurisdiction: European Union
Published: 18 June 2010
Law Firm: Cleary Gottlieb Steen & Hamilton
Overview
Cleary provides an analysis of the European Commission’s June green paper setting out suggestions to improve corporate governance in financial institutions and remuneration policies in the financial sector.
The Green Paper solicits the views of interested parties on these suggestions and asks for indications of any further measures deemed necessary to address perceived corporate governance deficiencies. The Green Paper is intended to be presented at the G20 Toronto summit in late June 2010.
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