Publication date: 23 June 2021
The Management and Supervision of Legal Entities Act has been adopted by the Dutch Senate. It equals the structure of associations, foundations, cooperative associations, and mutual benefit organizations with that of companies. This affects above all the nonprofit sector.
On 10 November 2020, the Dutch Senate adopted the bill on the management and supervision of legal entities. The Act will come into force on 1 July 2021. This affects above all nonprofit organizations. What are the changes?
The Act will make it possible for all legal entities to:
Thus, the rules applying to companies will also apply to associations, foundations, cooperative associations, and mutual benefit organizations.
In addition, the Act introduces a uniform arrangement for:
Are you a director or supervisory director of an association, foundation, co-operation or mutual benefit organization? Monitor the progress regarding the bill on the management and supervision of legal entities and the blog of Russell Advocaten! We are happy to keep you informed through our newsletter. Do you have any questions a about the bill, structure of your company, or corporate governance? Please contact us:
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