15. Considers that the personal financial interest of directors linked to variable remuneration is, in many cases, in conflict with the long-term interests of the company; stresses that policy on the remuneration of directors and other staff who bear responsibility for risky decisions should be consistent with a balanced and properly functioning system of risk management, and that there should be an appropriate ratio between fixed and variable pay; calls urgently for the introduction, across the board, of measures for the reduction, or indeed the withdrawal, of the variable pay of categories of staff whose performance is responsible fo ...[+++]r a deterioration in their company's results;

3. Considers that the personal financial interest of directors linked to variable remuneration is, in many cases, in conflict with the long-term interests of the company; stresses that policy on the remuneration of directors and other staff who bear responsibility for risky decisions should be consistent with a balanced and properly functioning system of risk management, and that there should be an appropriate ratio between fixed and variable pay; calls urgently for the introduction, across the board, of measures for the reduction, or indeed withdrawal, of the variable pay of categories of staff whose performance is responsible for a d ...[+++]eterioration in their company’s results;

The Commission offers a highly favourable assessment of the first phase of the ‘stronger partnership’, noting that countless Community measures have been adopted to assist the ORs as part of a cross-sectoral and complementary approach which has helped improve the economic and social situation of these regions.

We've realized various projects from Kamloops, B.C., to Fredericton, N.B., with specific involvement in the feasibility studies behind the establishment of most optical research area networks, such as Alberta Supernet, ORANO in Ontario, RISQ in Quebec, and the ORANs that are on the drawing board in New Brunswick and Nova Scotia.

The results obtained in the first phase which stem from most highly advanced research in all the sectors concerned (for example research into optical computers) will be presented to the press on 6 May, 1986 at 12.15 in the Berlaymont Press Room by Professor Fasella, Director General for Science, Research and Development, and by Dr P. Ryan, a member of the Committee for the European Development of Science and Technology, CODEST.

The second phase will be based on the experience gained during the first phase which showed the need to re-examine the provisions of the regulation with a view to support the new approaches of the 5th Action Programme (promoting sustainable development, environment approach covering all sectors, integrating the environment dimension in all policies and activities to do with economic development, etc (1)) and to improve the effectiveness of LIFE taking into account its specific character and subsidiarity, better visibility of topics and priorities, a greater transparency of procedure, a simplification of its management as well as greater analysis of the resul ...[+++]ts obtained.