CMS European M&A Outlook 2024

A warm welcome... ...to the fourth edition of the GDPR Enforcement Tracker Report – the anniversary edition celebrating five years of GDPR.In the five years since the GDPR became applicable its powerful framework for imposing fines has certainly helped to raise awareness and encourage compliance efforts – just as the European legislator intended. At the same time, the risk of fines of up to EUR 20 million or 4% of a company’s global annual turnover can also lead to fear and reluctance or ignorance about compliance issues.We still believe that facts are better than fear.This is why we continuously update our list of publicly known fines in the GDPR  Enforcement Tracker and started the GDPR Enforcement Tracker Report as an annual deep dive approach to provide you with more insights into the world of GDPR fines.As in the three previous editions, the GDPR Enforcement Tracker Report starts with the Executive Summary (also available as a PDF version), followed by the “Numbers and Figures” section and the “Enforcement Insights per business sector” (also including the overarching employment category. The “Enforcement Insights per country” provide background on the specific enforcement framework under national law. Some remarks on our methodology can be found at the very end of the report.

Incorporating ESG KPIs into directors’ remuneration The urgent need to place sustainability at the heart of company strategy is inextricably linked to incentives provided to its directors and employees. This Expert Guide aims to provide practical insights into key market practices and trends aimed at incorporating sustainability and/or Environmental, Social and Governance (“ESG”) KPIs into directors’ remuneration.The regulations and recommendations on ESG-related remuneration vary considerably from sector to sector and from country to country. The trend is, however, undoubtedly towards providing directors (and in some cases senior/mid-level managers) with an incentive to commit to ESG objectives designed to support and promote effective management of sustainability risks.We hope this guide provides the practical roadmap you need to further your business’s sound remuneration practices – wherever in the world you need to operate. For further legal support and advice, get in touch with your regular CMS contact or email us at em­ploy­ment@cmsleg­al.com.

This report provides a timely update on how major Oil and Gas companies...