Bos sets limits to top salaries 04/09/2007 00:00
4 September 2007
THE HAGUE (ANP) – Minister of Finance Wouter Bos wants to set a ceiling for the remunerations of chief executives in the business sector. Bos wants the supervisory board to cap the salary packages of top managers. Bos made his comments in an interview with the Finacieele Dagblad published on Tuesday.
“Not only are the amounts paid ridiculously high, but the link between remuneration and performance has become unclear,” Bos said. “This is definitely a task for the supervisory board: putting remuneration in order by setting a ceiling to remunerations.”
Bos raised the issue with the CEOs of Shell, Akzo Nobel, ABN Amro and Philips last week.
Bos has no problems with the variable remuneration packages but a maximum to these packages should be set in advance. Bos also feels that it is self-evident that executives receive bonuses in the case of takeovers. But these should be made public. “It is wrong when the impression arises that their choice is influenced by their bonuses.”
For some time the labour party PvdA and the left-wing opposition have been urging Bos to tackle the income of top executives. The trade unions have also often been calling on Bos to take measures to curb top salaries.
[Copyright Expatica News + ANP 2007]
Subject: Dutch news
0 reactions to this article
See you at the Expatica Fair!
The Expatica “i am not a tourist” Fair rolls around for its 5th outing on the 12th October.
- I'm not a tourist - let your voice be heard! : Radio Netherlands will be recording a live show at Expatica's "i am not a tourist" Fair at the Beurs van Berlage on Sunday October 12th. Be there!
- Boom Chicago's 2008 Halloween Party : An Amsterdam Tradition, the 2008 Halloween party includes a haunted house, all-saints procession, live performances, altars and ofrendas, top DJ's and a creative, costumed crowd. Boom Chicago invites you and the souls departed to Halloween 2008: Dia de Los Muertos!
- Fortis changes after government bailout : Dutch-Belgium bank Fortis must sell off ABN Amro after nationalisation.
- Dutch news in brief, Wednesday 24 September 2008 : Find out what’s the latest news in the Netherlands in the roundup of today’s press from Radio Netherlands.
top3
- Employment
- Website for expat researchers
- The Dutch social security system
- How to write a dynamite resume
- Health
- Healthcare in the Netherlands
- Childbirth in Holland
- Hospitals in the Netherlands
- Finance
- The 30% ruling: Are you eligible?
- Tax measures 2008
- Ask the expert: International tax
internaxx
| Index | Last | Var.(%) |
|---|---|---|
| BEL 20 | 2123.44 | -5.24 |
| DAX | 4544.31 | -7.01 |
| IBEX 30 | 8997.7 | -9.14 |
| CAC 40 | 3176.49 | -7.73 |
| FTSE 100 | 3932.06 | -8.85 |
| AEX | 258.05 | -8.48 |
| DJIA | 8451.19 | -1.49 |
| Nasdaq | 1649.51 | 0.27 |
| MIB 30 | 20580 | -6.95 |
| TSX Composite | 9065.16 | -5.57 |
| ASX | 3939.5 | -8.20 |
| Hang seng | 14796.87 | -7.19 |
| Straits Times | 1948.33 | -7.34 |
also on expatica
- Share your content! Expatica is looking for readers who want to contribute regularly to our websites.
- Expatica Classifieds Read and publish classified ads quickly, easily, and for free!
- A parents' guide to international education Confused by the options? Here's an introduction to international education in the Netherlands.
- Join the Expatica community Meet, make friends and network with other internationals just like you
- Expatica’s 2008 Expat Survey Expatica is conducting an audience survey to better understand our readers. Take the survey here.
- Renting or buying in the Netherlands? Here is our introduction to the housing market in the Netherlands. Should you rent or buy?
- What is your life like as an “expat”? Share your expat experience as a panel member of the European Expat Panel.
- O’Dance Holiday - “VIva Cuba” Join us for our next O’ Dance holiday to sunny Cuba! A winter evasion with a special tailor made programme on 9th to 16th or 19th December.
