Source: European Parliament
1. The precise amount of the Bank of America’s reimbursement of the former Commissioner for Internal Market participation to the two-days Bank of America’s Global Advisory Council, to be held twice per year, has no bearing on the Commission’s assessment of the compatibility of the former Commissioner’s post term of office activity with the Bank of America, which is based on Article 245 of the Treaty on the Functioning of the European Union and the Code of Conduct for Members of the Commission. The former Commissioner for Internal Market has not informed the Commission about the precise amount of his reimbursement and the Commission has not asked to share this information with the Commission.
2. The Commission’s assessment of former Commissioners’ envisaged post term of office activities is based on the compatibility of the notified activity with the principles of integrity and discretion enshrined in Article 245 of the Treaty on the Functioning of the European Union, and with the Code of Conduct for the Members of the Commission, irrespective of the Commission’s use of its prerogatives in the context of the implementation of EU policies.