Dutch government launches new bid to curb bankers' pay [Reuters (UK)]
Aegon Ltd. New York Registry Shares (AEG)
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Source: Reuters
Dutch government launches new bid to curb bankers' pay | Reuters 2 Min Read AMSTERDAM, Dec 18 (Reuters) - The Dutch government on Tuesday unveiled new plans to tighten up rules covering bankers’ pay, including restrictions on selling shares awarded as part of compensation packages. The measures follow public and political outrage over the Dutch bank ING’s proposal earlier this year for a 50 percent pay rise for CEO Ralph Hamers, which the bank then scrapped. ING was bailed out by taxpayers during the 2008 financial crisis and in September this year agreed to pay a record $900 million fine for failing to spot money laundering through its accounts. “This erodes support (for banks) in society, at a time when the financial sector needs to regain trust,” Finance Minister Wopke Hoekstra said in an outline of his plans. The Netherlands in 2015 already introduced a bonus cap for financial sector employees, limiting variable pay to a maximum of 20 percent of base salary. The government’s lates
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AEG
Sec Filings
- 5/8/24 - Form 6-K
- 5/7/24 - Form 6-K
- 4/10/24 - Form 6-K
- AEG's page on the SEC website