AFM and financial reporting: remuneration review and increased clarity on application of "materiality" in annual accounts *

Netherlands - March 14 2012
The AFM has concluded in its recent remuneration review that in their 2010 reports more companies explain remuneration in the form of shares or options, but that transparency in financial reporting can be improved on several points.

Co-authors: Martin van Olffen.

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Supreme Court on remuneration of supervisory director for performing additional management tasks *

Netherlands - March 14 2012
The Supreme Court recently ruled in a case where the defendant was a member of the supervisory board (SB) but in that capacity also carried out management tasks for a certain period.

Co-authors: Martin van Olffen.

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Court upholds Fortis fine for failure to timely publish price-sensitive information *

Netherlands - March 14 2012
The District Court of Rotterdam recently upheld a decision by the AFM to fine Ageas, formerly Fortis, for violating its duty to timely publish price-sensitive information.

Co-authors: Martin van Olffen.

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Legislation effective since 1 January 2012 *

Netherlands - March 14 2012
Statutory provisions introducing notification requirements for certain cash-settled instruments came into force on 1 January 2012.

Co-authors: Martin van Olffen.

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Special interest organisations call on parliament to get rid of proposed shareholder notification concerning strategy *

Netherlands - March 14 2012
The VEUO, VNO-NCW and Eumedion, special interest organisations representing listed companies and institutional investors, have made an urgent appeal to the Second Chamber of parliament to remove a provision in a bill requiring shareholders with a stake of 3% or more to notify the AFM whether or not they support the company's strategy.

Co-authors: Martin van Olffen.

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