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The Dutch corporate governance code

A commission chaired by Mr Tabaksblat prepared the Dutch Corporate Governance Code in 2004. The Code requires listed companies to comply with its regulations or explain why the company is not
in compliance (“comply or explain”).

In other words listed companies may depart from the Code, but they must explain this in their financial statements.

The Code is aimed at achieving visible responsibility of the Management Board to control the risks regarding the objectives of the company and the strategy.

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