ARTICLE
6 February 2014

New Claw-Back Legislation From 1 January 2014

DB
De Brauw Blackstone Westbroek N.V.

Contributor

De Brauw Blackstone Westbroek is a leading international law firm, trusted by clients for over 150 years due to its deep engagement with their businesses and a clear understanding of their ambitions. While rooted in Dutch society, the firm offers global coverage through its network of top-tier law firms, ensuring seamless, tailored legal solutions. De Brauw’s independence enables it to choose the best partners while remaining a trusted, strategic advisor to clients worldwide.

The firm emphasizes long-term investment in both its client relationships and its people. De Brauw’s legal training institutes, De Brauwerij and The Brewery, cultivate diverse talent, preparing the next generation of top-tier lawyers through rigorous training and personal development. Senior leadership traditionally rises from within, maintaining the firm’s high standards and collaborative culture.

Companies may revise and claw back directors’ bonuses if they are excessive or wrongly awarded
Netherlands Corporate/Commercial Law

Companies may revise and claw back directors' bonuses if they are excessive or wrongly awarded. Companies must also deduct from executive remuneration any profit made from share price increases during significant events such as a public offer. This is set out in new legislation that took effect on 1 January 2014 and also applies to existing pay packages.

Our Legal Alert of December 2013 outlines the main elements of the new law. In a set of Q&As we illustrate the practical impact of the new law, and in a separate flow chart we explain the process of calculating increases in value in the case of a public offer.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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