Discussions in the Second Chamber about a bill on the revision and claw back of bonuses have led to the following amendments:

  • The right to claw back and revise bonuses is no longer limited to variable payments but extends to "non-fixed" remuneration. This means that incidental payments of a fixed amount, such as guaranteed bonuses, may be subject to claw back or revision. The amendment also applies to severance payments agreed on between the company and a departing director.  
  • The duty to revise "non-fixed" remuneration to an appropriate level if payment would be unreasonable and unfair has been extended: not only public offers but also, for example, legal mergers can result in a change of control and lead to revision of a "non-fixed" remuneration.