Corporate Governance CodeKPN conducts a corporate governance policy consistent with the revised Dutch Corporate Governance Code ("revised Code)" that applies as of 1 January 2009. This revised Code has its statutory basis in Book 2 of the Dutch Civil Code and applies to KPN as KPN has its registered office in the Netherlands and its shares are listed on a stock exchange. The revised Code, as well as its predecessor, is based on the "apply-or-explain" principle.
The revised Code defines a company as a long-term form of collaboration between the various stakeholders involved. The Board of Management and the Supervisory Board have overall responsibility for considering these interests, generally with a view to ensuring continuity of the Company. In doing so, the Company endeavours to create long-term shareholder value and the Board of Management and Supervisory Board should take account of the interests of the different stakeholders.
KPN supports the principles of the revised Code and complies with all best practice provisions. Please refer to the document below for further details.