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ARTICLE · 29 OCTOBER 1996

Corporate Governance Committee - Press Release

NetherlandsAntitrust/Competition Law
The Hague/Amsterdam, 29 October, 1996 - The Corporate Governance Committee this morning presented a report containing a score of recommendations intended to promote good and transparant management, an effective supervision and an appropriate division of tasks and responsibilities within (bourse-listed) companies.

The report's recommendations include: abolishing the practice common at many companies of automatically appointing former executive board members to the supervisory board, giving shareholders a say in drawing up the agenda for the General Meeting of Shareholders and introducing a distinction between the adoption of the annual accounts on the one hand and on the other hand approval of the corporate policy pursued and the supervisory board s monitoring of it.

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