UPDATE 4-Japanese airbag maker Takata files for bankruptcy, gets U.S. sponsor
* Honda says no final agreement on recall liabilities (Adds details on Takata's financial woes, analyst comment, link to timeline)
LONDON May 3 Investor advisory firm Institutional Shareholder Services has advised shareholders in Royal Bank of Scotland to vote against its remuneration policy next week because it is unclear how bonuses will be paid out to senior directors.
The group, which advises institutional investors, raised concerns about what will qualify Chief Executive Ross McEwan and Chief Financial Officer Ewen Stevenson to earn payouts even though the size of potential bonuses are being cut.
The firm said that the reduction in bonuses available to McEwan and Stevenson was not enough to offset "uncertainty around how performance will be assessed."
RBS will hold its annual general meeting in Edinburgh on May 11.
(Reporting By Andrew MacAskill, Editing by Lawrence White)
BERLIN, June 26 It is better to wind down unprofitable banks than keep them afloat artificially and state aid should be used as little as possible in bankruptcy cases, Germany said on Monday after Italy started winding down two failed regional banks.