On 8 December 2016 the Dutch Corporate Governance Code Monitoring Committee published the revised Corporate Governance Code. The new Code will take effect on 1 January 2017, which means that management reports for the year 2017 will have to comply with its provisions.
In particular, the changes will require for many companies to amend their rules governing their supervisory board ("SB"). We are in the process of drafting a standard set of rules which meets the new Code's requirements and will make this available to you on our website.
Please read more on this topic in our newsletter.