Co-determination

A legislative amendment took effect on 1 January 2019 which amends the Works Councils Act and extends the right of works councils at large companies to receive information on the level of remuneration within the company, including the top executives’ salaries. This means that the pay ratio and differences in income must be discussed at least once a year during the consultation meeting with the works council in companies with more than 100 employees. These 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. This is different at listed companies, where works councils will have a right of advice on executive remuneration following the implementation of the European Shareholder Rights Directive.

https://www.eerstekamer.nl/behandeling/20180717/publicatie_wet_2/document3/f=/vkq3cqcjhwz8.pdf

Archive Read More

We keep track of you on our site with cookies, in order to offer the basic functionality of the website and generate user statistics on an anonymous basis to make our website more user-friendly. We do not use or share your data with third parties for advertising purposes.
Accept cookiesChange cookiesClick here for more information about our cookies.