Netherland Companies MUST Discloses Executive Pay to Works Councils
The Cabinet of the Netherlands has approved Minister of Social Affairs and Employment’s proposal to publish management salaries of companies with more than 50 employees.
The government has observed that during the economic crisis, the salaries of some executives have increased aggressively as compared to ordinary employees. The required reporting is part of an effort to bring about balance by reducing excesses with the help of the work council.
Nair & Co. advises companies operating in the Netherlands to review and make necessary plans as per the new requirements and procedures.
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