A number of recent hostile takeover attempts in The Netherlands have triggered the discussion in the Netherlands on the circumstances under which protection of the target company against a hostile takeover should be justified or not be justified. To answer this question, 21 experts involved in mergers …

Currently, we are experiencing exciting and challenging times, some even dare speak of a 4th industrial revolution. Within let’s say less than one century we will have run out of oil and other vital resources just to mention one thing. Climate change is another major challenge, as is social iniquity. …

In this essay Supply Chain Finance (SCF) is introduced based on definitions from Steeman, Hofmann and the European Banking Association. The base of the analysis is from the capital cost model of Pfohl (Volume of Working Capital * Duration * Cost of Capital) and its impact on the Economic Value Added …

This article provides additional insight on the effectiveness of long-term value creation as a legally enforceable norm in the corporate governance system and provides a framework to anchor long-term value creation in takeover decisions. Since the 2008 financial crisis, a growing number of voices in …

Social media and sharing economy platforms do not only disrupt industries. They also bypass democratic institutions. That’s not without risk, because the dominant Silicon Valley based online platforms are designed to create shareholder value, not to strengthen society or democracy. Which is unfortunate, …

The change-in-control provision of the Clawback of Bonuses Act limits the director’s ability to gain from a change-in-control by a deduction of the share value by the lowest increase in share value over a determined reference period. The provision therefore limits the effectiveness of share and option …

Early 20th century management literature was very decisive about the role of efficiency; it was the ‘one best way’-criterion for organizational decision-making. This paper shows by means of a backward prediction that efficiency was indeed an important measure for organizations in the early 20th century. …