Governance

One-size-fits-all approach not necessarily improvement for supervisory boards

November 9, 2015

It is not really an improvement that commissioners may now serve on a maximum of five supervisory boards, says Professor of Corporate Governance Mijntje Lückerath in aninterview with Nieuwsuur, a news program on Dutch national television.

Nieuwsuur asked three commissioners, including Lückerath, which lessons they draw from a court judgment which named mismanagement and lack of supervision as factors that led to the bankruptcy of the health care institution Meavita.

Lückerath: "I do not think it's an improvement because it is a one-size-fits-all approach. It assumes that all commissioner posts have the same weight and that everyone's schedule has the same number of hours for attending a board. But in reality the differences are considerable. Some people have a full time job and sit on a board in addition to that, others are professional supervisors and are available all week long."

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What can supervisors learn from Meavita?, Nieuwsuur (2015, in Dutch only)