Dutch Corporate Governance Code & Banking Code

The Dutch Corporate Governance Code

The CGC consist of principles and best practice provisions regarding the corporate governance of Dutch listed companies and the associated accountability towards shareholders.

The CGC underscores the importance of themes such as long-term value creation, risk management, organisational culture, effective management and supervision, remuneration, and relationships with shareholders. By referencing continuity and long-term value creation, the CGC clearly articulates its expectations regarding the outcomes of corporate decision-making.

Dutch listed entities, including ING Groep, are required to apply the principles and best practice provisions of the CGC or provide an explanation for any deviations.

Download the Application of the Dutch Corporate Governance Code by ING in 2024 (PDF 1,3 MB) to read how ING Groep applied the Corporate Governance Code in the last year.

Dutch Banking Code

The BC sets out the principles of conduct for Dutch banks concerning corporate governance, risk management, audit, and remuneration. It was set up by the Dutch Banking Association serving as a form of self-regulation. The BC has been established based on the report of the Advisory Committee on the Future of Banks (Maas Commission). The BC has been in effect since 1 January 2010 and was last updated in 2021.

ING Bank strongly supports the BC principles to build trust, ensure stability and protect the interests of its stakeholders. Building trust requires a long-term view, a sustainable approach and continuous attention. Following the significant steps taken to comply with the BC principles, ING Bank is continuing its efforts to enhance compliance even further. ING Bank recognises that complying with the BC principles is an ongoing process.

Download the Application of the Dutch Banking Code by ING Bank N.V. in 2024 (PDF 2,6 MB) to read how ING Bank applied the Banking Code in the last year.