Unitary board for cooperatives and mutual insurance companies

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 sperate supervisory board.

For whom?

• cooperatives
• mutual insurance companies

When?

It is not yet known when this change will come into effect.

Please note: The effective date of this measure is not yet final. Entry into force is subject to its passing through the upper and lower houses of parliament or proclamation of the Order in Council (Algemene Maatregel van Bestuur, AMvB) or ministerial decree and publication in the Staatsblad or Staatscourant(in Dutch).