Eumedion has published an updated position statement on corporate tax policy and tax transparency. The position statement asks listed companies to have a clear and responsible tax policy as part of their strategy for good corporate citizenship.
On 7 December 2018, the Dutch Government published the long-awaited draft bill on the introduction of a legal response time of a maximum of 250 days that can be invoked by the management board of a Dutch listed company. The draft bill is a result of a number of high-profile cases of unsolicited attempts to acquire the shares of Dutch listed companies (e.g. AkzoNobel and Unilever) and aggressive shareholder activism in 2017. The bill was already announced in the coalition agreement of the new formed Dutch Government in October 2017
Institutional investors urge Dutch listed companies to nominate more female executive and supervisory directors
Institutional investors have urged Dutch companies to take more actions towards achieving a more gender balanced executive and supervisory board. They believe that progress made in appointing more female executive and supervisory directors in the past five years is disappointing and requires companies to accelerate their board refreshment process and to upgrade their talent management programme. To this end, Eumedion has sent a letter to all Ducht listed companies that have not yet reached the legal target of at least 30% female executive and supervisory directors.
Eumedion has requested all Dutch listed companies to better report on their view to create long-term value for all stakeholders, including the wider society, and their strategy to realise this. Better reporting on the long-term value creation model will be one of the Eumedion focus points for the 2019 reporting and proxy season, as reflected in the recently sent 2019 Eumedion Focus Letter.