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Clifford Chance

Clifford Chance


New legislation implementing revised shareholders' rights directive in the Netherlands

6 November 2019

On 5 November 2019, a law implementing the revised shareholders' rights directive was adopted by the Upper House of the Dutch Parliament. Key changes relate to the remuneration policy and disclosure thereof (regarding both managing and supervisory directors) and related party transactions. Further, it introduces certain transparency obligations for institutional investors and rules to facilitate shareholder identification. The law will take effect no later than 1 January 2020. The law mainly applies to companies incorporated under Dutch law (NVs and BVs) whose shares are admitted to trading on a regulated market in the European Union.

We explain the most important topics of the law and key changes to current legislation and market practice.

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