Even as a developing country, there are thousands from Indonesia listed in the Panama Papers. The investment banking practices connected to a new law on Public Housing Savings brings to mind the mortgage crisis in the United States.
February 2016, the Monitoring Committee presented a proposal for revision of the Dutch Corporate Governance Code. Considering that the Code was published in 2003 and most recently modified in 2008, the consultation of the Code is long overdue & welcome.
It is disputed that corporations use subsidiaries to reduce their tax rate. But isn’t that the purpose of companies: creating value? Do governments facilitate them? What about ethical considerations? Is disclosure of tax transparent? Let’s look at Shell.
Gender imbalance in corporate boards undermines the optimal functioning of the labour market for top management functions and therefore affects the overall performance of companies. A new Directive must break the glass ceiling for non-executive directors.