Regulatory Alerts2025-06-30
Added · Updated
Q&A on supervisory board independence – Insurers
DNB clarifies that insurers must ensure supervisory board independence through independence of mind, appearance, and formal structure, guided by the EBA/ESMA Guidelines. While no universal threshold exists, insurers with complex group structures, dominant shareholders, or non-EEA parents must maintain at least 50% formally independent directors to prevent conflicts of interest. Captive insurers are generally considered to require only one formally independent supervisory director due to limited conflict risks. Listed insurers remain subject to the Dutch Corporate Governance Code requirement for a majority of formally independent members.
Topics
Share