Netherland Companies MUST Disclose Executive Pay to Works Councils
Netherland Companies MUST Discloses Executive Pay to Works Councils
(Bristol, UK) - 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.
Companies will be required to provide salary ratio of management to ordinary employees. This new law
will bring in transparency and help to reduce the salary imbalance among some companies, reports Nair
& Co., the leading provider of Global HR Services for companies expanding overseas.
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.
For more information about doing business overseas or to learn more about our International HR Laws
team please contact us.
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About Nair & Co.
Nair & Co., the leader in international business expansion services, provides accounting, HR, legal, tax
and compliance services for the set up and management of your international operations. Our model of
a single-point-of-contact, supported by internal teams of experienced advisors, helps clients expand
business and manage risk so they can focus on their core business and sustain growth with minimal risk,
stress and cost. We support nearly 250 clients in over 70 countries. Nair & Co. is headquartered in
Bristol, UK, has 450 employees and offices in China, India, Japan, Singapore, and the US. Learn more
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