A Dictionary of Dutchness

Code Tabaksblat

The Code Tabaksblat is the corporate governance code of conduct for listed companies and takes its name from former Unilever chairman Morris Tabaksblat who chaired the committee which produced it. The code, published at the end of 2003, is based on the comply-or-explain principle. All firms are required to include a section on corporate governance in their annual reports. Issues such as executive pay and golden handshakes are still hot topics.