Going Dutch with a vengeance
Series: Financial Times ; 26 October 2001, 29(1)Publication details: 2001Subject(s): Summary: The issue of the corporate governance of quoted property companies has been raised by the battle for Rodamco North America (RNA), a tax-transparent Dutch vehicle with assets miles away from its shareholders. On one opposing side is the management of RNA and on the other is the management of Westfield America Trust, formerly a US REIT, its parents company, Westfield Group and the Dutch pension fund ABP. Argues that the dispute has exposed flaws in the Netherlands' corporate governance rules, one oversight being that there is no proxy voting option for shareholders.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3741-04 (Browse shelf(Opens below)) | 1 | Available | 115389-1001 |
The issue of the corporate governance of quoted property companies has been raised by the battle for Rodamco North America (RNA), a tax-transparent Dutch vehicle with assets miles away from its shareholders. On one opposing side is the management of RNA and on the other is the management of Westfield America Trust, formerly a US REIT, its parents company, Westfield Group and the Dutch pension fund ABP. Argues that the dispute has exposed flaws in the Netherlands' corporate governance rules, one oversight being that there is no proxy voting option for shareholders.