Governance

On 1 January 2015 an updated Dutch Banking Code came into effect and replaced the Code that had been in force since 1 January 2010. The Banking Code sets out principles for sound and controlled business operations, corporate governance, risk management policies, audit and remuneration policies.

The Banking Code applies to all activities in the Netherlands performed by Dutch-based banks that are in possession of a banking licence granted by De Nederlandsche Bank (DNB). The Code applies to Van Lanschot Kempen NV.

All banks in the Netherlands describe on their websites the ways in which they have applied the Banking Code in the previous year. Where relevant, a bank will state its reasons as to why it has not complied or not fully complied with a provision, in keeping with the ‘comply or explain’ principle.

Van Lanschot Kempen NV complies with the Banking Code and fully complied with the provisions of the Banking Code in 2022.

The attached document reviews, on an article-by-article basis, how Van Lanschot Kempen NV applied the Banking Code in 2022.