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Corporate Governance in the Netherlands: From the Verdam Report of 1964 to the Tabaksblat Code of 2003

Corporate Governance in the Netherlands: From the Verdam Report of 1964 to the Tabaksblat Code of... Abstract Corporate governance developments in the Netherlands have concentrated on two distinct legal issues: first, the history and existence of the so-called ‘structure regime’ for large companies and, second, the discussions about a code of conduct for listed companies. In this article, both developments shall be examined. The structure regime reflects the traditional preference in the Netherlands for the stakeholders approach. The discussions about a code of conduct for listed companies have recently placed the issue of shareholders’ interests more prominently on the agenda. This prompted the legislature to adopt the Two-tier Structure Reform Act of 2004. With this piece of legislation, a first step has been taken towards granting more power to shareholders to the detriment of other stakeholders. Whether or not this will be the first step of a further development in the direction of a greater focus on shareholders ’ interests is hard to predict at this point in time. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png "European Business Organization Law Review" Springer Journals

Corporate Governance in the Netherlands: From the Verdam Report of 1964 to the Tabaksblat Code of 2003

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References (42)

Publisher
Springer Journals
Copyright
2005 T.M.C. Asser Press
ISSN
1566-7529
eISSN
1741-6205
DOI
10.1017/S1566752905002910
Publisher site
See Article on Publisher Site

Abstract

Abstract Corporate governance developments in the Netherlands have concentrated on two distinct legal issues: first, the history and existence of the so-called ‘structure regime’ for large companies and, second, the discussions about a code of conduct for listed companies. In this article, both developments shall be examined. The structure regime reflects the traditional preference in the Netherlands for the stakeholders approach. The discussions about a code of conduct for listed companies have recently placed the issue of shareholders’ interests more prominently on the agenda. This prompted the legislature to adopt the Two-tier Structure Reform Act of 2004. With this piece of legislation, a first step has been taken towards granting more power to shareholders to the detriment of other stakeholders. Whether or not this will be the first step of a further development in the direction of a greater focus on shareholders ’ interests is hard to predict at this point in time.

Journal

"European Business Organization Law Review"Springer Journals

Published: Jun 1, 2005

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