Einde inhoudsopgave
Corporate Social Responsibility (IVOR nr. 77) 2010/4.4.6
4.4.6 Exemptions
Mr. T.E. Lambooy, datum 17-11-2010
- Datum
17-11-2010
- Auteur
Mr. T.E. Lambooy
- JCDI
JCDI:ADS368283:1
- Vakgebied(en)
Ondernemingsrecht (V)
Voetnoten
Voetnoten
Article 2:396(1) and (6) DCC. To qualify as a small company, a company has to meet two or three of the following criteria in two subsequent book years (figures as per 2008): (i) the value of the assets on the balance sheet does not exceed EUR 4,400,000, (ii) the net turnover does not exceed EUR 8,800,000, and (iii) the average number of employees during the book year is less than fifty.
Incorporated in Article 2:397, § 7 DCC. To qualify as a medium sized company, a company has to meet two or three of the following criteria in two subsequent book years (see § 1 of Article 397): (i) the value of the assets on the balance sheet does not exceed EUR 17,500,000, (ii) the net turnover does not exceed EUR 35,00,000, and (iii) an average number of employees during the book year is less than two hundred fifty.
In accordance with the option provided in the Modernisation Directive (section 4.2.8), under Dutch law, small and medium sized companies are exempted from the new requirement to provide information on non-financial key performance indicators. Dutch law already, in general, exempts small companies from preparing and publishing an annual report.1 In respect of medium sized companies, the implementation act now provides an exemption.2 This exemption was motivated by the legislator with the argument of reducing administrative burden.