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ARTICLE · 11 NOVEMBER 2016

Proposal For Application Of The Corporate Governance Code To One-Tier Boards

De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
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De Brauw Blackstone Westbroek

De Brauw Blackstone Westbroek

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The Dutch Corporate Governance Code Monitoring Committee published a consultation document on 3 August 2016 with a proposal for the application of the Corporate Governance Code to one-tier boards.

NetherlandsCorporate/Commercial Law
Harm-Jan De Kluiver
Harm-Jan De Kluiver
Lodewijk Van Den Bergh
Lodewijk Van Den Bergh
Marielle Legein
Marielle Legein
Bernard Roelvink
Bernard Roelvink
Jean Schoonbrood
Jean Schoonbrood
Martin Van Olffen
Martin Van Olffen
Reinier Kleipool
Reinier Kleipool
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The Dutch Corporate Governance Code Monitoring Committee published a consultation document on 3 August 2016 with a proposal for the application of the Corporate Governance Code to one-tier boards. This one-tier board proposal follows the comprehensive proposal by the Committee of 11 February 2016 for a revision of the Corporate Governance Code, which mainly addresses two-tier board companies.

Contrary to the Committee's earlier communication, the one-tier board proposal does not contain a separate code for one-tier boards. The Committee proposes to only amend and expand the current principle and best practice provisions that apply to one-tier boards. The Committee also offers guidance on the applicability of the Code to one-tier boards in a separate document which is part of the consultation document. The consultation period regarding this proposal ends on 28 September 2016.

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