Consultation to the European Banking Authority (EBA) (2015)
Response – EBA Consultation Paper on Sound Remuneration Policies (CRDIV) – forthcoming link to EBA
To celebrate its 10th anniversary ecoDa, with the collaboration of Sodali, created a video to talk about the association and the great work it did on the discussion about the professionalism of Directors.
It consists in a powerful synthesis of the Board of Directors nature, tasks and evolution, and sees the contribution of Cristina Ungureanu, Head of Corporate Governance Advisory at Sodali.
“What makes a good Board of Directors? An engaged Board – internally, with its management, and also externally, with its shareholders and stakeholders”.
Hellenic Management Association & Hellenic Bank Association
6th Risk Management & Compliance Forum – Hotel Grande Bretagne, Athens, 26th of June 2014
The financial crisis highlights the need for effective management and control of financial risks. This event offered to executives the possibility to exchange experiences, know-how and thoughts related to Risk Management and Compliance with financial institutions. Representatives from companies, banks, insurance companies, regulatory authorities, institutional partners, consulting companies as well as IT providers will present and analyze the current situation, developments, new trends and the role of Risk Management and Compliance in the Greek and also the wider European financial sector.
Specifically, this year’s event focused on the following topics: Trouble Asset Management; CRD IV; Stress Test; Corporate Governance; Risk Appetite.
Cristina Ungureanu was the international speaker invited at this event and held a presentation on the developments in the EU Corporate Governance of Banks, with particular emphasis on the implications of the Capital Requirements Directive (CRD IV) on banks’ governance.
The 14th Annual European Corporate Governance Conference and Experts Roundtable took place on 27th and 28th March in Athens, under the auspices of the Hellenic Presidency of the Council of the European Union. The main theme of the conference was “Can corporate governance contribute to long-term investment?”
The Experts Roundtable gathered 30 of Europe’s best, to brainstorm on the state of play and the future of Corporate Governance in Europe. The experts roundtable led by the European Commission was followed by a conference with practical insights, and three high- level workshops will take place from 27-28 March, 2014. The event was attended by institutional investors, board members and executive management, corporate governance bodies, regulators and practitioners.
Panelist at several session and presenter of Executive Remuneration Conference: Oxford Handbook of Corporate Law and Governance Conference, Columbia Law School and IRA Millestein Center for Global Markets and Corporate Ownership, New York, 21-22 March, 2014
Categories
Director’s Day –
The I
nstitut Luxembourgeois des Administrateurs (ILA) organized the Second «Director’s Day» event on 21 November 2013 at the Chambre de Commerce, Luxembourg. Distinguished speakers shared their experience and expertise on latest hot topics in relation to corporate governance at European levels, with a particular focus on the practical implementation of the best governance for Boards of Directors of listed companies and investment funds.
Cristina Ungureanu opened the conference, presenting the current international ‘Say on pay’ framework. Ms. Ungureanu discussed the regulatory framework for shareholder voting on remuneration and the implementation of such policies.
Indian Institute of Directors, The London Global Convention on Corporate Governance & Sustainability
Cristina Ungureanu, Corporate Governance Advisor of Sodali, is one of the panelist at the London Global Convention on Corporate Governance & Sustainability, organized by the Indian Institute of Directors on 1- 4 October 2013, at Hotel Tower in London. The aim of this Convention is “Boardroom Effectiveness for Principled Corporate Governance & Sustainability”.The aim of this Convention is to provide a deeper understanding of the individual elements that combine to create an effective corporate governance framework, as well as to provide thought leadership on a number of topical issues of governance and sustainability.
The annual Global Conventions on Corporate Governance and Sustainability, over the years, have captured the interest of the professional governance community worldwide. It traditionally attracts over 200 Business leaders, Directors, CEOs, academics, Sustainability experts, Company Secretaries, environmentalists, economists, legislators and policy makers. It features high-profile Keynote Addresses and Plenary Sessions.
Board of Directors in European companies – Reshaping and harmonising their organization and duties
Many initiatives, though not all, have been part of the corporate governance movement and have thus been in the nature of soft law and directed at listed companies. There are currently further initiatives in the pipeline that are aimed at harmonising or reshaping the working of the boards of European companies, as can be seen in the Green Paper on Corporate Governance, the report of the Reflection Group etc. This seminar ahead of the publication of a volume on Board of Directors, took stock of the status of the initiatives which have been debated so far, to analyse whether the rules which have been adopted form a coherent system and to examine how these initiatives affect national law.
Banks’ Remuneration Rules (CRD III) Are They Implemented and Do They Work in Practice
January 30, 2012, Brussels
In 2010 the European Parliament adopted ‘CRD III’ (i.e. Directive 2010/76/EU amending the Capital Requirements Directives) which included some of the strictest rules in the world regarding bankers’ bonuses. These rules took effect in January 2011. After one year of application, the ECON Committee felt that the time has come to check if these tough new rules on bonuses are properly implemented and have indeed effectively transformed the bonus culture and ended incentives for excessive risk-taking.
This workshop on the Implementation of Banks’ Remuneration Rules (CRD III) seeks to gather information on the state of play of implementation, in particular diverging application and the effects thereof, and will try to gain views as to the efficiency of the new framework for bankers’ bonuses. The views of the European Commission, as well as the current work of the Financial Stability Board (FSB), the European Banking Authority (EBA) and scientific experts in the area are properly taken into account for this evaluation.
Maria Cristina Ungureanu discussed ‘Bankers’ pay in EU banks after CRD III: Application of the rules in the EU and analysis of the effects’. In particular, she addressed the implementation of the CRD III remuneration rules in the European Union with examples from several Member States, showing the development of bonuses before and after implementation, highlighting positive developments and difficulties (of European/cross-border relevance), mentioning the influences of relevant developments in general company law and current work in the area of corporate governance.