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Eumedion expects all Dutch listed companies to base a substantial portion of the variable remuneration elements on stretching sustainability goals that are material to the company. These goals should be sufficiently challenging, measurable and auditable. 

This request is incorporated in the Focus Letter 2024 that Eumedion has sent to all Dutch listed companies. The Focus Letter contains the topics that tend to be discussed in the dialogues Eumedion facilitates between Dutch listed companies and Eumedion members in the run-up to the 2024 shareholders’ meetings. Eumedion also expects companies to report on these topics in their annual reports over financial year 2023.

Eumedion has selected the topic of 'remuneration policy' as focus point, as many listed companies will have to 'refresh' their remuneration policy at the 2024 AGM. Eumedion further requested Dutch listed multinationals to sign the 'Dutch Tax Governance Code' and to apply it to the best of their ability. In particular, Eumedion expects Dutch listed multinationals to break down their tax payments by country where they have operations (‘country by country tax reporting'). In a separate letter, Eumedion requested the six largest audit firms to make their presentations for AGMs more informative. In this context, they are urged to apply as much as possible the revised Practice Note on the position of the external auditor in the general meeting’. This Practice Note was developed by the Royal Netherlands Institute of Chartered Accountants earlier this year.