The limited power to appoint and dismiss management board members in Dutch listed companies

Bastiaan Kemp, Sebastian Renshof

Research output: Contribution to journalArticleProfessional

Abstract

Dutch listed companies make frequent and varied use of oligarchic clauses for the appointment and dismissal of management board members. As a result, shareholders in Dutch listed companies are often not free to nominate and appoint their own candidates for the management board. This contribution analyses the use and trends of these so-called oligarchic clauses by listed companies incorporated under Dutch law.
Original languageEnglish
Pages (from-to)37-44
JournalEuropean Company Law
Volume17
Issue number2
Publication statusPublished - 2020

Keywords

  • Oligarchic clauses
  • appointment and dismissal of management board members
  • listed companies

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