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Unitary board for cooperatives and mutual insurance companies

This information is provided by

Netherlands Enterprise Agency, RVO

Effective date: 1 July 2021

What changes?

If you run a cooperative or a mutual insurance company, in future you can choose to have a unitary board. This was already an option for private limited companies (bv’s) and public limited companies (nv’s).

A unitary board is a single board of directors, comprised of executive and non-executive directors. There is no separate supervisory board. In such a one-tier board supervisors are part of the board. There is a difference between executive and non-executive directors. Only a non-executive director can act as chairman.

For whom?

  • cooperatives
  • mutual insurance companies

When?

The Governance and supervision act will come into effect on 1 July 2021.

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Questions relating to this article?

Please contact the Netherlands Enterprise Agency, RVO

This information is provided by

Netherlands Enterprise Agency, RVO