The German government is in the process of examining legislation designed to toughen the country's corporate governance rules, it emerged this week.
According to the Frankenfurter Allgemeine Zeitung, the proposed bill goes beyond the reach of the voluntary guidelines introduced in 2002, and would require German firms to disclose individual management salaries (including bonuses, stock income, pension contributions, and other forms of compensation), rather than just the amount paid to management overall.
Additionally, payments made by third parties such as private equity reports would have to be mentioned in annual reports under the new rules.
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