Monday 2 May 2016

Netherlands: an update on the governance code for companies adopting a single tier board structure

The Dutch Corporate Governance Code Monitoring Committee announced earlier this year that it would produce a version of the Dutch Corporate Governance Code - a new edition of which is in preparation - for companies adopting a single tier board structure: see here. The option of having a single board was introduced several years ago. The Committee's intention was that the single board version would be the subject of consultation and published as an appendix alongside the main Code, which is written from the perspective of companies with a two tier board structure. The Committee has changed its plan: in an announcement published last week - available here - it says that it will delay consultation on the single tier version of the Code until it has reviewed the comments received in respect of the new edition of the main Code.

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