Netherlands: frozen stock options for managers selling their company

The Dutch parliament decided, on October 17, 2007, to freeze the stock options and social shares belonging to managers of companies listed on the stock market as soon as they become the target of a buyout. This drastic measure was adopted during a debate on the 20 euros million which Rijkman Groenink, ABN Armo's chair, is going to receive thanks to the sale of his bank. (Ref. 070869)

Through . Published on 18 October 2007 Ă  12h57 - Update on 18 October 2007 Ă  12h57

According to the labour deputy Paul Tang, the one who offered to freeze employers’ stock options, it is “intolerable that a CEO should have a personal financial interest in selling their company”.…

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