Clawback of Bonuses Act to take effect on 1 January 2014

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Clawback of Bonuses Act to take effect on 1 January 2014

17-12-2013

The Clawback of Bonuses Act has been approved by the upper house of the Dutch Parliament and will take effect on 1 January 2014. The purpose of the Act is to enable NVs and financial undertakings to adjust or claw back excessive bonuses. The supervisory board will play an important role in this process.

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