NETHERLANDS - The corporate governance forum Eumedion – formerly known as SCGOP – has started under its new name with nine new members.
At present, Eumedion has 45 institutional investors which are active in the Netherlands as members. Together they have €800bn of assets under management, double the amount of the members of the former body for corporate governance research.
The newly appointed board will be chaired by Roderick Munsters, investment chief of the civil service pension fund ABP, the largest scheme in the Netherlands. SCGOP-secretary Rients Abma has been appointed director.
The new members are ABN AMRO Asset Management, Merrill Lynch Investment Managers, AZL Vermogensbeheer, SNS Asset Management, Hermes Investment Management, Kempen Capital Management, Loyalis, Teslin Capital Management and ActivInvestors Management BV.
Eumedion said it supports the recommendation of the corporate governance monitoring committee for a standard format of the reporting by the institutional investors on their corporate governance policy.
Eumedion also agrees with the ‘Frijns Committee’ on its demand for more information on the remuneration of board members, and explicit accountability by the supervisory board on the effectiveness of the remuneration policy.
“However, it is a missed opportunity that the committee doesn’t appeal to the listed companies for a more thorough explanation, if they deviate from the Tabaksblat Code”, it said.