51. The chair and the majority of members of the remuneration committee should qualify as …

The chair and the majority of members of the remuneration committee should qualify as independent¹⁵ . If employee representation on the management body is provided for by national law, it must include one or more employee representatives. Where there is an insufficient number of independent members, investment firms should take particular care when implementing other measures to limit conflicts of interest in decisions on remuneration issues.

¹⁵ Independence as set out in the EBA guidelines on internal governance point 5.6 and see also the joint EBA-ESMA guidelines on the assessment of the suitability of members of the management body and key function holders

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/