This article examines the overall acceptance of the best practice provisions contained in the Dutch corporate governance code and identifies those that receive comparably less agreement among 150 Dutch listed companies in 2004. The findings indicate a high level of compliance with the Code. Moreover, the extent of compliance is positively associated with company size. Provisions related to the remuneration of board members, independence of supervisory board members, and requirements with respect to internal control systems stand out when it comes to non-compliance. In addition, the nature and content of the explanations provided for non-compliance are remarkably similar across companies, which may indicate symbolic compliance with the Code's best practice provisions.
|Tijdschrift||Corporate Governance - An International Review|
|Nummer van het tijdschrift||6|
|Status||Published - nov.-2007|
|Evenement||9th International Conference on Corporate Governance and Board Leadership - |
Duur: 1-okt.-2006 → …