Wednesday, 15 December 2010

Netherlands: compliance with the Corporate Governance Code

The Dutch Corporate Governance Monitoring Committee has published a report concerning compliance with the Netherlands Corporate Governance Code. A copy of the report in English will be published soon. Already published in English is a press release (here, pdf), foreword (here, pdf) and executive summary (here, pdf). The press release reports, amongst other things, that proxy advisory services have significant influence at shareholder meetings; the number of female supervisory board members is rising but remains low (11%); and rules on the maximum term of office and severance pay of management board members are often not applied.

Update (27 January 2010): a copy of the report (in English) is available here (pdf).

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