Dutch revise governance to stress importance of long-term value creation, good corporate culture and internal audit.
The Netherlands has revised its corporate governance code, placing long-term value creation at the heart of its provisions.
The new code, produced by the Dutch Corporate Governance Code Monitoring Committee, also provides guidance for supervisory boards seeking to oversee company culture and introduces a demand for companies to create internal audit departments.
A report from the monitoring committee said: "Many of the incidents of misconduct that have occurred over the past years—such as accounting fraud, corruption a
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