Home > Legal articles > Rules on executive pay to be tightened, while works councils get more say
Proposed rules would tighten executive remuneration at listed companies in the Netherlands and give works councils more influence on pay. These are some of the amendments following the recent vote and debate in the Second Chamber of the Dutch parliament on a bill implementing the European Shareholder Rights Directive. In another amendment, listed companies formulating their remuneration policy must describe how public support was taken into account. The bill will now go to the First Chamber.
The European directive must be implemented into Dutch law by 10 June 2019, but it is uncertain whether this deadline will be met. We will closely follow the parliamentary process and provide more extensive guidance on what steps companies should take as soon as the text of the bill is final.
The most significant amendments that the Second Chamber voted in favour of are:
Click here for the Shareholder Rights Directive and here for our previous In Context article about the implementing bill.
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