Benelux: Good company
Recent legislation in the Netherlands has moved to change the 'large company regime'. Marius Josephus Jitta reports on the implications
In 2004, the Netherlands witnessed two key developments in corporate governance. In line with international developments, there has been an increased awareness of the need for proper corporate governance and transparency and a desire to strengthen the role of the shareholders’ meeting, primarily where listed companies are concerned. Secondly, there have been legislative changes involving the so-called ‘large company regime’, which applies both to certain listed companies and unlisted companies, and which resulted in the passage of a new Act governing corporate governance, effective from 1 October this year.
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