The new Corporate Governance Code has been in force since 1
January 2023. Changes mostly concern the ethical and social
framework within which listed companies are to operate. What are
the new standards for good business practice?
Corporate Governance Code
Since 2003, the Corporate Governance Code has been the standard
for good governance of listed companies. In 2016, the Code was
revised and now, 7 years later, an updated version of the Code has become
effective. With reference to the chairperson of the revising
committee, it is likely to become known as the Van der Meer Mohr
Code.
The Code legally applies for Dutch listed companies, even if
they have a primary listing on a foreign stock exchange. They are
required to report in the annual report whether they have complied
with the provisions of the Code and - if not - why they have
deviated from the provisions of the Code, the so-called
"comply or explain" principle.
