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.









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