Belgian MEP Jean-Luc Dehaene has added stock options in AB InBev worth more than €5.3 million to his declaration of interest.
Jean-Luc Dehaene, a former prime minister of Belgium who is
now a member of the European Parliament, has revised his declaration of
interest to the Parliament to add stock options worth more than €5.3 million.
He has added to a revised declaration of interest received
by the European Parliament's administration yesterday (4 October) his share
options in AB InBev, a Belgian-Brazilian beer conglomerate, formed in 2004 from
the merger of Interbrew and AmBev.
Dehaene came under criticism earlier this year because he
failed to include such stock options in a declaration of interest that he
submitted to Parliament's administration in February. Belgian media at the time
reported that Dehaene had a right to exercise the options as of April. Dehaene
said in the spring that he had declared everything he was obliged to declare.
Reports in the spring suggested that he held 86,000 stock
options, but yesterday's declaration lists 77,000 options. AB InBev shares were
trading on the Brussels stock exchange at €69.38 today, which would make the
value of Dehaene's options, if exercised, worth €5.34m.
Dehaene, a Flemish Christian Democrat, who has been an MEP
since 2004, was Belgium's prime minister in 1992-99. He was talked about as a
possible candidate for the presidency of the European Commission in 1994, but
his candidacy was blocked by John Major, the then British prime minister.
Dehaene was later a member of the convention on the future of Europe, which
drafted the EU's constitutional treaty.
The European Parliament's code of conduct, which was adopted
last November and took effect on 1 January, says that an MEP's declaration of
interest shall include “any holding in any company or partnership, where there
are potential public policy implications or where that holding gives the Member
significant influence over the affairs of the body in question”.
In his declaration of interest of February, Dehaene had
listed his membership of AB InBev's board of directors - for which he was paid
between €5,001 and €10,000 a month - but not the stock options in the company.
His business interests have come under close scrutiny in
recent months in Belgium because in 2008 he became chairman of the board of
Dexia, the troubled Franco-Belgian savings bank, which eventually had to be
dismantled and bailed out.
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