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ARTICLE · 14 OCTOBER 2013

Directors To Pay Back Excessive Bonus

De Brauw Blackstone Westbroek
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The Bill on the revision and claw back of bonuses is at an advanced stage in the First Chamber of the Dutch parliament. This article describes the impact on directors and companies.

NetherlandsCorporate/Commercial Law
Harm-Jan De Kluiver
Harm-Jan De Kluiver
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The Bill on the revision and claw back of bonuses is at an advanced stage in the First Chamber of the Dutch parliament. This article describes the impact on directors and companies.

The Bill on the revision and claw back of bonuses is at an advanced stage in the First Chamber of the Dutch parliament and is currently expected to become law on 1 January 2014. What will be the impact on directors and companies?

Which types of remuneration and which directors are subject to the proposed rules?

  • bonuses of directors of NVs
  • bonuses of directors and day-to-day policy makers of financial undertakings (including banks set up as a cooperative or BV, and insurance companies set up as a mutual insurance association)

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