Dutch Corporate Governance Code
The Dutch Corporate Governance Code 2016 (‘Code’) as drawn up by the Monitoring Committee Dutch Corporate Governance, was published on 8 December 2016. The Code consists of principles and best practice provisions regarding the corporate governance of Dutch listed companies and the associated accountability towards shareholders.
The Code underscores the importance of themes as long-term value creation, risk management, culture, effective management and supervision, remuneration and relations with shareholders. By using words such as ‘continuity’ and ‘long-term value creation’, the Code is also outspoken when it comes to its expectations concerning the outcome of corporate decision-making.
Dutch listed companies, including ING Groep N.V. (‘ING Group’), are required to apply the Principles and Best Practice provisions of the Code or to explain why they deviate therefrom.
On 9 March 2023, ING Group has published a booklet (PDF 2,82 Mb) which describes how ING Group applies the Code for the financial year 2022.
On 20 December 2022, the Monitoring Committee Corporate Governance Code has published an updated Corporate Governance Code. This update of the code has come into force as of the financial year starting on or after 1 January 2023.