Large companies regime
In 2007, Grontmij changed its corporate governance structure to reflect the Group’s international character. As an internationally active holding company with the majority of its employees working outside the Netherlands, Grontmij NV is exempt from the large companies regime (structuurregime). A separate holding company has been established for the Dutch entities.
The mitigated large companies regime (verzwakt structuurregime) has been introduced into Grontmij Nederland Holding BV in accordance with Sections 153(3)(b) and 155 of the Dutch Civil Code, Vol. 2. As a result, the Dutch entities are managed by a Dutch management team and supervised by a Dutch Supervisory Board. A Dutch Works’ Council is active for Grontmij Nederland Holding BV while representation at Group level is organised in the form of a European Works’ Council. A covenant entered into between the European Works’ Council and the Executive Board describes the role, responsibility and powers of the European Works’ Council.