NETHERLANDS - The Dutch Association of Industry wide Pension Funds (VB) has proposed a draft code of pension fund governance that includes the creation of a supervisory board made up of employers, employees, pensioners and former participants to oversee pension funds boards.
“At the moment, the board of the pension fund is the final forum for supervision and responsibility,” said Peter Borgdorff, VB’s director. “We want to have an extra board of participants made up of employers,...
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