Monday, May 11, 2009

Insufficient Control of Various Bodies by Board Members

Morris Tabaksblat, a former chairman of Unilever and past chairman of the commission which dealt with the behavioral code for the business world, says that board members of housing cooperatives, hospitals, care institutions and pension funds do not do their supervisory work sufficiently. This is due to the fact that they have many other part-time positions. Former deputy minister Rick van der Ploeg (Labor Party) said that, for instance, because of this, the ABP, one of the largest pension funds in the world, is not managed properly.

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