More about Corporate Governance
Governance, management, responsibility and supervision
Corporate Governance, in the meaning of decent organisation management, seems self-evident, yet many companies can use help drawing up a code in order to concretise the standards of good governance, make their own additions and clarify them to the outside world.
A Corporate governance code allows the various stakeholders to influence the company and to keep the company in tune with its moral responsibilities. Ultimately, it is intended to give the company a good balance between the different stakeholders.
What is good Corporate Governance?
Corporate Governance concerns the management of a company in a sound and morally responsible manner. It is a collection of mechanisms, processes and relationships by which companies are controlled and managed. It provides structure and identifies how rights and obligations are divided between stakeholders. It serves as a guideline, in other words as a basis for how the following points should be designed:
The relationships between:
- Supervisory Board
- The Board
- The Management
"Money Talks, Bullshit Walks"
- Thomas Langerwerf
Corporate Governance Code
The Corporate Governance code is intended for listed companies and their shareholders, they must adhere to this code of conduct because it is also enshrined in law. However, a Corporate Governance code is also suitable for non-listed companies.
It contains more than 100 rules of conduct on for example: working methods, remuneration of directors / supervisory directors and tasks. It is intended to strengthen the position of shareholders (through the shareholders' meeting).
Examples of what the code prescribes are:
- Directors are appointed for a term of 4 years;
- A golden handshake may not exceed one year's salary;
- A supervisory director may not have more than five different supervisory directorships;
- A proposal for dividend will be treated as a separate item on the agenda of the general meeting;
- A director will not take advantage of business opportunities that belong to the company for himself or second-degree family members;
The code consists of several topics:
- Long-term value creation
- Effective management and supervision
- Annual General meeting
- One-tier board structure
How do we help with your corporate governance policy?
In addition to drawing up a specific policy for your company, we can also assist you in implementing and monitoring it. These are two important factors for corporate governance, without them it would remain a promise. We have a lot of experience in this subject, our colleagues love a challenge and are always there for you. The open and reliable work structure we use ensures, among other things, that your company is properly managed. Feel free to contact us for more information or advice.