The state shareholder wants a 30% reduction of paychecks
The state wants a 30% reduction of 2013 executive compensation business, minority shareholder. Are concerned: GDF Suez, Air France, EADS and Renault.
The State informed the companies that it is a minority shareholder to decide for a 30% reduction of 2013 executive compensation, after imposing a ceiling of 450,000 euros per year in public enterprises.
"We informed the undertakings concerned what would be our position" on the ballot must, for the first time this year, see all the shareholders to decide on the remuneration of directors, said Bercy AFP, referring to a " strong signal "that keeps" acceptable compensation. "
The state is a minority shareholder of GDF Suez ,Air France , EADS or Renault . The companies are whether to approve the remuneration of their leaders.
"A decline in their fixed and variable compensation of about 30% would be welcome and we encourage them to vote in favor," said Bercy, citing "a general policy in favor of wage moderation" rather than targeting specific companies.
This proportion of 30% corresponds to the reduction of wages were taxed the President of the Republic and the Government in 2012.
On the impact of such a position, Bercy is confident. "We're not worried about the fact that other shareholders will vote the state," Has it been ensured.
In 2013, the government set to € 450,000 the maximum annual gross total amount received by the officers of public companies.
For other companies, he left it to the employers' organization MEDEF and the French Association of Private Companies (AFEP) to revise their code in order to introduce the practice of "say on pay" which gives the general meeting of shareholders for an advisory opinion on the remuneration of senior executives.