The 2024 Netherlands Spencer Stuart Board Index is a review of 50 of the largest public companies on the Dutch segment of the NYSE Euronext. The companies that make up our sample are determined by the composition of the AEX and AMX indices as of 31 May 2024. This edition includes 21 (out of 25) AEX companies and 18 (out of 25) AMX companies, alongside the 11 largest companies from the Amsterdam Small Cap Index (AScX), based on market capitalisation.
Companies whose business in the Netherlands is immaterial have been excluded from our sample (i.e. the four AEX and seven AMX companies not included here).
Thirty-six companies in our sample operate under a two-tier board system, down from 42 in 2022; the remaining 14 companies follow a unitary governance system.
Measured at 31 December 2023:
- Board meetings
- Board committee meetings
- Board remuneration
Measured as of 30 May 2024:
- Board composition
- Female representation
- Board structure
- Board independence
- Directorships
- Board tenure
- Term of office
- Board structure
- Board leadership
- Board committees
Information has been compiled from publicly available sources, including 2023 annual reports published in 2024, minutes and agendas of general meetings of shareholders, company websites, and BoardEx.
Non-executive directors are defined as members of supervisory boards plus non-executive directors in the unitary system of boards of directors.
Non-national directors are defined as having a different nationality from the nationality of the company on whose board they sit. In most cases, this is non-Dutch. However, the following companies have other nationalities: Air France-KLM (France), DSM-Firmenich (Swiss), Fagron (Belgium), Galapagos (Belgium), RELX (UK), Renewi (UK), Shell (UK), Unilever (UK). In these cases, a Dutch citizen is thus considered a non-national.
Detailed information on the 50 boards surveyed in the 2024 Netherlands Spencer Stuart Board Index is available in the company data tables.