Co-determination

On 23 January 2018, the House of Representatives accepted a legislative proposal to amend the Works Council Act. This proposal extends the works council's right to information on the level of remuneration within the company, including the top executives' salaries. When the new act enters into force, the pay ratio and differences in income must be discussed at least once a year during the consultation meeting with the works council. Companies do not have to provide salary information on individual top executives or employees. The works council will also not gain influence on the decision-making process at the level of remuneration. Click here to read the legislative proposal: https://zoek.officielebekendmakingen.nl/dossier/34494/kst-34494-A?resultIndex=1&sorttype=1&sortorder=4

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