Nestle SA, the world’s largest food company, announced changes to its corporate bylaws to abide by new Swiss limits on compensation, setting the wheels in motion for shareholder votes next year on executive pay.
The first-ever popular campaign for European Commission president got under way with Jean-Claude Juncker, a former prime minister of Luxembourg, winning the nomination of Europe’s center-right parties.
European Parliament lawmakers said that they have embarked on a “last attempt” to broker a deal with nations on a bank crisis law before May elections, as finance ministers prepare for talks on the plans next week.
European Financial Services Commissioner Michel Barnier made comments in a France Info radio interview *Barnier says there is “no military issue” for Russia in Ukraine *Barnier say he doesn’t see a war coming in Ukraine and calls on Russia to “de-escalate” after its military intervened in the Crimea region.
Bankers who earn more than 1 million euros ($1.4 million) won the chance of a reprieve from European Union bonus curbs as regulators published a blueprint to implement rules on rewards for irresponsible risk-taking.