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Our demand: Control over executive & shareholder bonus and remuneration.

A culture of massive bonuses has encouraged reckless risk taking and has had a pernicious economic effect, all while making social inequity worse. Remuneration schemes must be regulated by law to reflect and promote long-term economic, social and environmental performance and allow companies to allocate profits to the companies’ productive and job-creating activities. Remuneration of management and traders should be capped in line with workers’ pay and pensions and, in the case of financial services, linked to responsible sales and lending practices. The cashing-in of bonuses and other performance-related schemes within five years should be prohibited. And last but not least, shareholders must be prevented from plundering the wealth of companies during growth times through dividends and ‘share buy-back’ programmes, which leave companies with undercapitalised balance sheets during economic downturns.

A culture of massive bonuses has encouraged reckless risk taking and has had a pernicious economic effect, all while making social inequity worse. Remuneration schemes must be regulated by law to reflect and promote long-term economic, social and environmental performance and allow companies to allocate profits to the companies’ productive and job-creating activities. Remuneration of management and traders should be capped in line with workers’ pay and pensions and, in the case of financial services, linked to responsible sales and lending practices. The cashing-in of bonuses and other performance-related schemes within five years should be prohibited. And last but not least, shareholders must be prevented from plundering the wealth of companies during growth times through dividends and ‘share buy-back’ programmes, which leave companies with undercapitalised balance sheets during economic downturns.