Dutch minister wants to improve trustee boards

Improved governance and co-decision making is needed for Dutch trustee boards, according to Dutch Social Affairs minister Henk Kamp. He has proposed to offer pension funds three different board models to choose from.

The minister believes further expertise and internal supervision is necessary to help pension funds cope with an ageing population and unstable financial markets. The new rules will also ensure a representation of all parties in trustee boards, including pensioners.

In his proposal, Kamp mentioned three board models: one being the present model where employers and employees/pensioners are equally represented, but changed to include the option of pensioners not making up more than 50% of the workers’ representation.

An external board model with at least two professional members was another option; as was a mixed model with a one-tier board with non-executive members and at least two external executives.

    Share Story:

Recent Stories


Podcast: Stepping up to the challenge
In the latest European Pensions podcast, Natalie Tuck talks to PensionsEurope chair, Jerry Moriarty, about his new role and the European pension policy agenda

Podcast: The benefits of private equity in pension fund portfolios
The outbreak of the Covid-19 pandemic, in which stock markets have seen increased volatility, combined with global low interest rates has led to alternative asset classes rising in popularity. Private equity is one of the top runners in this category, and for good reason.

In this podcast, Munich Private Equity Partners Managing Director, Christopher Bär, chats to European Pensions Editor, Natalie Tuck, about the benefits private equity investments can bring to pension fund portfolios and the best approach to take.

Mitigating risk
BNP Paribas Asset Management’s head of pension solutions, Julien Halfon, discusses equity hedging with Laura Blows

Advertisement