EMA is the "first entity in the world" to introduce such rules, Executive Director Guido Rasi pointed out at an event in the European Parliament earlier this week, adding that the agency is "setting new standards for transparency".
Under such rules, executives from Belgium, Britain, Italy, Japan, the Netherlands and other countries have been convicted in American courts.
To follow their own rules, executives there would have to do some serious value investing -- or persuade their boards to hand over thousands of free shares.
Under Securities and Exchange Commission rules, executives are typically required to disclose insider sales within two days of making them and indicate why they were sold, including as a result of a margin call.
Family members continued to rule the executive suite until 1963, when Robert Wood Johnson Jr., the son of the founder, retired as chief executive at age 70.
If his inaugural speech is an indicator, however, he will have to watch his tendency to rule by executive fiat.
Allende, frustrated by the intransigence of his parliamentary opposition, began to rule by executive decree, prompting the opposition to question the constitutionality of his actions.
He did not rule out executive changes at Andersen, but said that so far his oversight board had not come up with candidates to replace managers.
Yet largely because of an accounting rule, most executive pay -- almost 75percentt last year -- comes in stock options, which recipients came to love during the long bull market.
She added that the banking agencies are working to complete a long-pending rule on executive compensation intended to limit excessive risk-taking at financial institutions.
