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Corporate Governance

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Corporate Governance is a hot issue at present. Good governance is extremely important for every business and institution. It involves knowledge and expertise, the quality of management and entrepreneur, independence and transparency, under the supervision of an independent body. The accounting scandals in the United States but also in Europe have contributed to a rapid codification of this concept.
In 2002, the Tabaksblat Committee in the Netherlands laid down the rules and conditions for good corporate governance in a Code. These rules focus, for example, on the remuneration of board members, the position of shareholders and the structure and functioning of the board (possibly a one-tier board comprising both executive and supervisory directors). The Tabaksblat Code is only applicable to listed companies. In practice, however, after the introduction of the Code there was quickly a knock-on effect for non-listed companies too. That very same year CMS, in cooperation with a large family firm, drew up a code for non-listed companies, particularly family firms. Many sectors have meanwhile followed this lead and are developing sector-specific codes. These include the insurance sector, pension funds and the health care sector.
CMS can advise companies on the legal components of good corporate governance. In addition, our multidisciplinary teams of lawyers, civil-law notaries and tax lawyers can assist you with the implementation of the relevant code in the legal structure.

CMS European M&A Study 2021
The CMS Cor­por­ate/M&A Group is pleased to launch the thir­teenth edi­tion of the European M&A Study
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Re­sponse to the con­sulta­tion doc­u­ment to up­date the Dutch Cor­por­ate Gov­ernance...
On 21 Feb­ru­ary 2022, the Mon­it­or­ing Com­mit­tee (the 'Com­mit­tee') pub­lished a con­sulta­tion doc­u­ment con­tain­ing pro­pos­als for up­dat­ing the Dutch Cor­por­ate Gov­ernance Code (the 'Code'). The Code ap­plies to...
Dutch Sen­ate ap­proves civil code change for bal­anced cor­por­ate male-fe­male...
On Septem­ber 2021, the Neth­er­land's Sen­ate ap­proved an amend­ment to the Dutch Civil Code con­cern­ing a more bal­anced male-fe­male ra­tio in cor­por­ate sec­tor man­age­ment. The le­gis­lat­ive pro­pos­al con­tains...
Neth­er­lands to launch UBO re­gister
On 27 Septem­ber 2020, a UBO re­gister, to be main­tained by the Dutch Cham­ber of Com­merce and form­ing part of the Dutch trade re­gister, will be op­er­a­tion­al in the Neth­er­lands.Dutch com­pan­ies and oth­er leg­al...
UBO-re­gister in­to force as of 27 Septem­ber 2020
On 27 Septem­ber 2020 the law re­gard­ing the im­ple­ment­a­tion of the re­gis­tra­tion of ul­ti­mate be­ne­fi­cial own­ers of com­pan­ies and oth­er leg­al en­tit­ies will enter in­to force. This law im­ple­ments the ob­lig­a­tion...
Up­date re­gard­ing tim­ing im­ple­ment­a­tion UBO-re­gister
On 10 Decem­ber 2019 the House of Rep­res­ent­at­ives ad­op­ted the le­gis­lat­ive pro­pos­al re­gard­ing the re­gis­tra­tion of ul­ti­mate be­ne­fi­cial own­ers of com­pan­ies and oth­er leg­al en­tit­ies (the "Pro­pos­al").The Pro­pos­al...
UBO-re­gister in­to force as from Janu­ary 2020
In­tro­duc­tionOn 4 April 2019 the Dutch Min­is­ter of Fin­ance sent the Le­gis­lat­ive pro­pos­al im­ple­ment­a­tion re­gis­tra­tion ul­ti­mate be­ne­fi­cial own­ers of com­pan­ies and oth­er leg­al en­tit­ies to the House of Rep­res­ent­at­ives...
Sun­rise’s CHF 500m Swiss Towers sale lights up M & A mar­ket
In one of the most pres­ti­gi­ous deals in the Swiss M&A mar­ket last year, a cross-bor­der CMS team ad­vised Sun­rise, the num­ber two Swiss tele­com­mu­nic­a­tions op­er­at­or, on the sale of Swiss Towers AG for...
New Dutch Cor­por­ate Gov­ernance Code enters in­to force
On 8 Decem­ber 2016 the Mon­it­or­ing Com­mit­tee Cor­por­ate Gov­ernance Code pub­lished a new ver­sion of the Dutch Cor­por­ate Gov­ernance Code (here­in­after: Code). On 7 Septem­ber 2017 a stat­utory basis for the...
Re­vi­sion Dutch Cor­por­ate Gov­ernance Code
On 8 Decem­ber 2016 the Dutch Mon­it­or­ing Com­mit­tee Cor­por­ate Gov­ernance Code presen­ted the re­vised Dutch Cor­por­ate Gov­ernance Code (ap­plic­able to com­pan­ies lis­ted in the Neth­er­lands) to the Dutch Min­is­ter...
Mon­it­or­ing Com­mit­tee Cor­por­ate Gov­ernance
New dis­clos­ure re­quire­ments in the Neth­er­lands On 27 Novem­ber 2012 a bill was pub­lished in­tro­du­cing new dis­clos­ure re­quire­ments. These re­quire­ments are ex­pec­ted to take ef­fect on 1 Janu­ary 2013. The...
CMS Guide Li­ab­il­ity of Hold­ing Com­pan­ies
Today we see more and more com­pan­ies re­struc­tur­ing their or­gan­isa­tions and fa­cing li­ab­il­ity is­sues with re­spect to their activ­it­ies in dif­fer­ent jur­is­dic­tions. The trend to cent­ral­ise man­age­ment func­tions...
Fact Sheet Cor­por­ate
Our spe­cial­ist law­yers, civil-law not­ar­ies and tax con­sult­ants will pro­mote your in­terests in all as­pects of cor­por­ate law.CMS Derks Star Bus­mann provides ad­vice that is both prac­tic­al and solu­tion-ori­ented.We...