5.5.6 Top 5 deviations national

Table 5.5.5b again shows, for the total years under review, the code provisions complied with least, although all the code provisions of all the countries are now taken into account. Possibly specific national code provisions are poorly complied with. This is, however, not the case; the recurring deviations remain quite the same with a few exceptions. The recurring deviations are again the establishment of committees regarding nomination and remuneration, the remuneration and shareholdings of directors, independence criteria for directors and appointment periods. The Netherlands and the UK have exactly the same top 5 deviations. For Belgium, Germany and Italy a few changes can be seen regarding the establishment of an audit committee, independence criteria, preparing the financial statements, related party transactions and auditor appointments. As discussed under section 5.5.3, apparently the provisions which are part of the convergence comparison (category 2, 3, 6, 7, 9, 10 and 12 in table 5.5.3a) are the provisions not complied with most of all, as a result of which the top 5 deviations for the national code provisions deviated from most is quite the same.