The Minister of Finance has answered a number of questions raised during the debate in parliament on the Corporate Governance Bill. These included questions about a proposed obligation for shareholders to notify the AFM of their intentions with regard to the company. The Minister has responded that:

  • if a shareholder notifies the AFM that he or she has no objections to the company's strategy, and makes a subsequent takeover bid for the company without the strategy being changed at the same time, the shareholder will have met the notification requirement. If a change of strategy is implemented three months later, the shareholder must notify the AFM again if his views have changed as a result of the change of strategy.
  • if a shareholder notifies the AFM that he or she has no objections to the company's strategy, and makes a subsequent takeover bid for the company while the strategy of the company is being changed at the same time, the shareholder has not met the obligation to immediately notify the AFM of his changed viewpoint with regard to the company's strategy.