Companies keen on single boards

Wednesday 14 November 2007

A large number of Dutch listed companies are seriously considering a switch to a single-tier board structure, the Financieele Dagblad reports on Wednesday. The paper did not give names of the companies they are referring to.

On Tuesday justice minister Ernst Hirsch Ballin said he planned to allow firms to choose to adopt a single board.

Dutch firms traditionally have separate management and supervisory boards. In particular US investors find the Dutch system hard to understand, the paper says.

© DutchNews.nl

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