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<p>Focusing on the governance of listed companies, the Dutch Corporate Governance Code (referred to below as the Code) provides guidance for e ective cooperation and management. Governance is about manage- ment and control, about responsibility and in uence, and about supervision and accountability. The purpose of the Code is to facilitate &ndash; with or in relation to other laws and regulations &ndash; a sound and transparent system of checks and balances within Dutch listed companies and, to that end, to regulate relations between the management board, the supervisory board and the shareholders (including the general meeting of share- holders). Compliance with the Code contributes to con dence in the good and responsible management of companies and their integration into society. The Code was &nbsp;rst adopted in 2003 and was amended once in 2008. At the request of the National Federation of Christian Trade Unions in the Netherlands (CNV), Eumedion, the Federation of Dutch Trade Unions (FNV), Euronext NV, the Association of Stockholders (VEB), the Association of Securities-Issuing Companies (VEUO) and the Confederation of Netherlands Industry and Employers (VNO-NCW), the Code has been amended by the Corporate Governance Code Monitoring Committee (referred to below as the Committee). Ongoing developments, the spirit of the times and overlaps with legislation were reasons to amend the Code. The present Code replaces the 2008 Code.</p>

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