ARTICLE
14 September 2015

Institutional Investor Organisation Eumedion Mainly Positive About 2015 AGM Season

DB
De Brauw Blackstone Westbroek N.V.

Contributor

De Brauw Blackstone Westbroek is a leading international law firm, trusted by clients for over 150 years due to its deep engagement with their businesses and a clear understanding of their ambitions. While rooted in Dutch society, the firm offers global coverage through its network of top-tier law firms, ensuring seamless, tailored legal solutions. De Brauw’s independence enables it to choose the best partners while remaining a trusted, strategic advisor to clients worldwide.

The firm emphasizes long-term investment in both its client relationships and its people. De Brauw’s legal training institutes, De Brauwerij and The Brewery, cultivate diverse talent, preparing the next generation of top-tier lawyers through rigorous training and personal development. Senior leadership traditionally rises from within, maintaining the firm’s high standards and collaborative culture.

In its annual evaluation of the AGM season, Eumedion noted that major shareholders are increasingly represented on supervisory boards.
Netherlands Corporate/Commercial Law

In its annual evaluation of the AGM season, Eumedion noted that major shareholders are increasingly represented on supervisory boards. As part of this, they often enter into relationship agreements with the company, a development Eumedion is not opposed to as long as supervisory directors act in the best interest of the company and all its stakeholders.

Proposals to rotate audit firms were also on the agenda of many AGMs in 2015. According to Eumedion, companies often provide no information about the identity of the ultimate lead partner. Eumedion further noted the ineffectiveness of new claw back legislation which requires companies, in the case of a public offer or other significant corporate action, to deduct from a director's remuneration any increase in the value of shares or options forming part the director's pay. In the report, Eumedion called for a cancellation of this provision or a tightening of the rules when the new claw back law is evaluated in 2016.

Click here for the full text of the evaluation report.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More