Transparency International Belgium Banks and ethics Remuneration - PowerPoint PPT Presentation

Transparency International Belgium Banks and ethics Remuneration Remuneration event organised with Belsif and Eurosif on 27 January 2010 in Brussels 1 1

Transparency International? � Change towards a world free of corruption Promotion of ethics � Global movement and world-wide network of national chapters in over 90 countries 2 2

National Chapters around the world 3

TI Tools such as: � Research � National Integrity Studies (NIS) � Global Corruption Report (GCR) � Indices � Corruption Perceptions Index � Bribe Payers Index � Global Corruption Barometer � Business � Business Principles and self-assessment tools � Integrity Pacts (between business and government with civil society monitoring) 4 4

The Belgian Chapter - Created in 1995 - Reactivated in October 2008. Executive team - Action fields 5 5

TI Belgium‘s Action Fields 1.Reduce corruption in politics � “Transparency & Politics” inquiry and follow- up � Financing of Political Parties in Belgium (GRECO) 2.Curb corruption in public contracting � Training in Public Procurement for Belgian civil servants (OLAF) 6 6

TI-Belgium‘s Action Fields 3.Enhance private sector anti-corruption standards � “Banks & Ethics” academic think-tank, debates � Follow-up of TRAC report 4.Monitoring of international conventions (UNCAC, OECD) 5.Education � Raising awareness in schools about conflicts of interests 7 7

Banks & Ethics Academic think-tank, debates, conferences, press releases Around � ‘Soft corruption in the finance and banking sector’ � ‘Can transparency save the banks?’ � ‘ The deontology of bankers’ � ’The variable pay of bank agents’ 8 � 8

Banks & Ethics Why advocacy in this field � Conflict between private gain and entrusted power (bank, client, society) � Role for civil society 9 9

Banks & Ethics Remuneration paper by Eurosif and Eiris TI-B: same line, slightly different focus � Executive remuneration / bank agent‘s variable pay � Variable pay / global performance reward � Shareholders: independent from Board? � Rules and sanctions � Focus on sound risk management 10 10

Thank you! Stay informed: www.transparencybelgium.be 11