SlideShare a Scribd company logo
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.
Subscribe to regular global tax compliance alerts from Nair & Co.
Get the latest news releases and updates on international tax, HR, Finance, compliance and other legal
news at Nair & Co. Industry Alerts.
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
at www.nair-co.com
Media Contacts: For media enquiries or to learn to more about Nair & Co., please email us at
media@nair-co.com or call Yvonne Smith at +1.408.501.8867

More Related Content

More from Nair and Co.

Argentina introduces new systems for recording overseas payments update from...
Argentina introduces new systems for recording overseas payments  update from...Argentina introduces new systems for recording overseas payments  update from...
Argentina introduces new systems for recording overseas payments update from...
Nair and Co.
 

More from Nair and Co. (20)

India Enacts Further Sections of the Companies Act, 2013
India Enacts Further Sections of the Companies Act, 2013India Enacts Further Sections of the Companies Act, 2013
India Enacts Further Sections of the Companies Act, 2013
 
Vietnam Amends Tax, Labour and VAT Regulations
Vietnam Amends Tax, Labour and VAT RegulationsVietnam Amends Tax, Labour and VAT Regulations
Vietnam Amends Tax, Labour and VAT Regulations
 
India Announces New Corporate Social Responsibility Rules
India Announces New Corporate Social Responsibility RulesIndia Announces New Corporate Social Responsibility Rules
India Announces New Corporate Social Responsibility Rules
 
United Kingdom – Budget 2014 Announced
United Kingdom – Budget 2014 AnnouncedUnited Kingdom – Budget 2014 Announced
United Kingdom – Budget 2014 Announced
 
Philippines Introduces New Permit for 9(g) Pre-arranged Employment Visa Appli...
Philippines Introduces New Permit for 9(g) Pre-arranged Employment Visa Appli...Philippines Introduces New Permit for 9(g) Pre-arranged Employment Visa Appli...
Philippines Introduces New Permit for 9(g) Pre-arranged Employment Visa Appli...
 
Argentina Clarifies Income Tax Provisions
Argentina Clarifies Income Tax ProvisionsArgentina Clarifies Income Tax Provisions
Argentina Clarifies Income Tax Provisions
 
China Eases Tax Exemption for E-commerce
China Eases Tax Exemption for E-commerceChina Eases Tax Exemption for E-commerce
China Eases Tax Exemption for E-commerce
 
Belgium Introduces Changes to Employment Law Regulations
Belgium Introduces Changes to Employment Law RegulationsBelgium Introduces Changes to Employment Law Regulations
Belgium Introduces Changes to Employment Law Regulations
 
Germany Updates Minimum Salary Qualifications for EU Blue Card Holders
Germany Updates Minimum Salary Qualifications for EU Blue Card HoldersGermany Updates Minimum Salary Qualifications for EU Blue Card Holders
Germany Updates Minimum Salary Qualifications for EU Blue Card Holders
 
Australia Increases Super (Superannuation Guarantee), the Required Employer R...
Australia Increases Super (Superannuation Guarantee), the Required Employer R...Australia Increases Super (Superannuation Guarantee), the Required Employer R...
Australia Increases Super (Superannuation Guarantee), the Required Employer R...
 
Belgium Changes Withholding Tax Rates
Belgium Changes Withholding Tax RatesBelgium Changes Withholding Tax Rates
Belgium Changes Withholding Tax Rates
 
Sir Alan Collins to Honour “Magical Team” at The Churchill Club Awards Ceremony
Sir Alan Collins to Honour “Magical Team” at The Churchill Club Awards CeremonySir Alan Collins to Honour “Magical Team” at The Churchill Club Awards Ceremony
Sir Alan Collins to Honour “Magical Team” at The Churchill Club Awards Ceremony
 
Australia Announces Changes to Unfair Dismissal Related Thresholds
Australia Announces Changes to Unfair Dismissal Related ThresholdsAustralia Announces Changes to Unfair Dismissal Related Thresholds
Australia Announces Changes to Unfair Dismissal Related Thresholds
 
South Korea Enacts Tax Revision Bill: Update from International Tax Complianc...
South Korea Enacts Tax Revision Bill: Update from International Tax Complianc...South Korea Enacts Tax Revision Bill: Update from International Tax Complianc...
South Korea Enacts Tax Revision Bill: Update from International Tax Complianc...
 
Australian Federal Court Clarifies that Reasonable Performance Management is ...
Australian Federal Court Clarifies that Reasonable Performance Management is ...Australian Federal Court Clarifies that Reasonable Performance Management is ...
Australian Federal Court Clarifies that Reasonable Performance Management is ...
 
India Notifies Rules for ‘Voluntary Compliance Encouragement Scheme’: Update ...
India Notifies Rules for ‘Voluntary Compliance Encouragement Scheme’: Update ...India Notifies Rules for ‘Voluntary Compliance Encouragement Scheme’: Update ...
India Notifies Rules for ‘Voluntary Compliance Encouragement Scheme’: Update ...
 
India passes finance bill for 2013 14- updates from international tax consult...
India passes finance bill for 2013 14- updates from international tax consult...India passes finance bill for 2013 14- updates from international tax consult...
India passes finance bill for 2013 14- updates from international tax consult...
 
Argentina Introduces New Systems for Recording Overseas Payments: Update from...
Argentina Introduces New Systems for Recording Overseas Payments: Update from...Argentina Introduces New Systems for Recording Overseas Payments: Update from...
Argentina Introduces New Systems for Recording Overseas Payments: Update from...
 
Argentina introduces new systems for recording overseas payments update from...
Argentina introduces new systems for recording overseas payments  update from...Argentina introduces new systems for recording overseas payments  update from...
Argentina introduces new systems for recording overseas payments update from...
 
India Revises Tolerance Band for Transfer Pricing: Updates from International...
India Revises Tolerance Band for Transfer Pricing: Updates from International...India Revises Tolerance Band for Transfer Pricing: Updates from International...
India Revises Tolerance Band for Transfer Pricing: Updates from International...
 

Recently uploaded

Future of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot ReportFuture of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Dubai Multi Commodity Centre
 
zidauu _business communication.pptx /pdf
zidauu _business  communication.pptx /pdfzidauu _business  communication.pptx /pdf
zidauu _business communication.pptx /pdf
zukhrafshabbir
 
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...
NewBase   24 May  2024  Energy News issue - 1727 by Khaled Al Awadi_compresse...NewBase   24 May  2024  Energy News issue - 1727 by Khaled Al Awadi_compresse...
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...
Khaled Al Awadi
 

Recently uploaded (20)

Event Report - IBM Think 2024 - It is all about AI and hybrid
Event Report - IBM Think 2024 - It is all about AI and hybridEvent Report - IBM Think 2024 - It is all about AI and hybrid
Event Report - IBM Think 2024 - It is all about AI and hybrid
 
Vendors of country report usefull datass
Vendors of country report usefull datassVendors of country report usefull datass
Vendors of country report usefull datass
 
What Does A 3-Band Wedding Band Mean?
What Does A 3-Band Wedding Band Mean?What Does A 3-Band Wedding Band Mean?
What Does A 3-Band Wedding Band Mean?
 
HR and Employment law update: May 2024.
HR and Employment law update:  May 2024.HR and Employment law update:  May 2024.
HR and Employment law update: May 2024.
 
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot ReportFuture of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
 
Unleash Data Power with EnFuse Solutions' Comprehensive Data Management Servi...
Unleash Data Power with EnFuse Solutions' Comprehensive Data Management Servi...Unleash Data Power with EnFuse Solutions' Comprehensive Data Management Servi...
Unleash Data Power with EnFuse Solutions' Comprehensive Data Management Servi...
 
How to Maintain Healthy Life style.pptx
How to Maintain  Healthy Life style.pptxHow to Maintain  Healthy Life style.pptx
How to Maintain Healthy Life style.pptx
 
Potato Flakes Manufacturing Plant Project Report.pdf
Potato Flakes Manufacturing Plant Project Report.pdfPotato Flakes Manufacturing Plant Project Report.pdf
Potato Flakes Manufacturing Plant Project Report.pdf
 
New Product Development.kjiy7ggbfdsddggo9lo
New Product Development.kjiy7ggbfdsddggo9loNew Product Development.kjiy7ggbfdsddggo9lo
New Product Development.kjiy7ggbfdsddggo9lo
 
Using Generative AI for Content Marketing
Using Generative AI for Content MarketingUsing Generative AI for Content Marketing
Using Generative AI for Content Marketing
 
Did Paul Haggis Ever Win an Oscar for Best Filmmaker
Did Paul Haggis Ever Win an Oscar for Best FilmmakerDid Paul Haggis Ever Win an Oscar for Best Filmmaker
Did Paul Haggis Ever Win an Oscar for Best Filmmaker
 
zidauu _business communication.pptx /pdf
zidauu _business  communication.pptx /pdfzidauu _business  communication.pptx /pdf
zidauu _business communication.pptx /pdf
 
8 Questions B2B Commercial Teams Can Ask To Help Product Discovery
8 Questions B2B Commercial Teams Can Ask To Help Product Discovery8 Questions B2B Commercial Teams Can Ask To Help Product Discovery
8 Questions B2B Commercial Teams Can Ask To Help Product Discovery
 
Hyundai capital 2024 1quarter Earnings release
Hyundai capital 2024 1quarter Earnings releaseHyundai capital 2024 1quarter Earnings release
Hyundai capital 2024 1quarter Earnings release
 
Team-Spandex-Northern University-CS1035.
Team-Spandex-Northern University-CS1035.Team-Spandex-Northern University-CS1035.
Team-Spandex-Northern University-CS1035.
 
State of D2C in India: A Logistics Update
State of D2C in India: A Logistics UpdateState of D2C in India: A Logistics Update
State of D2C in India: A Logistics Update
 
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...
NewBase   24 May  2024  Energy News issue - 1727 by Khaled Al Awadi_compresse...NewBase   24 May  2024  Energy News issue - 1727 by Khaled Al Awadi_compresse...
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...
 
Special Purpose Vehicle (Purpose, Formation & examples)
Special Purpose Vehicle (Purpose, Formation & examples)Special Purpose Vehicle (Purpose, Formation & examples)
Special Purpose Vehicle (Purpose, Formation & examples)
 
Evolution and Growth of Supply chain.pdf
Evolution and Growth of Supply chain.pdfEvolution and Growth of Supply chain.pdf
Evolution and Growth of Supply chain.pdf
 
sales plan presentation by mckinsey alum
sales plan presentation by mckinsey alumsales plan presentation by mckinsey alum
sales plan presentation by mckinsey alum
 

Netherland Companies MUST Disclose Executive Pay to Works Councils

  • 1. 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. Subscribe to regular global tax compliance alerts from Nair & Co. Get the latest news releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts. 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,
  • 2. 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 at www.nair-co.com Media Contacts: For media enquiries or to learn to more about Nair & Co., please email us at media@nair-co.com or call Yvonne Smith at +1.408.501.8867