The 20% bonus cap for the Dutch financial sector will likely be limited to identified staff only. This will change the way in which financial institutions can structure remuneration, offering more room for variable pay. In addition, financial institutions and other companies in the Netherlands should start preparing for the implementation of the EU Pay Transparency Directive.
Authors:
Casper Rooijakkers (Partner - Financial Law) – casper.rooijakkers@bld-ekelmans.com
Robert Kütemann (Partner - Employment Law) - robert.kutemann@bld-ekelmans.com