Premium
GOVERNANCE AND STAKEHOLDER INVOLVEMENT IN THE DUTCH PENSION INDUSTRY, LESSONS FOR DEVELOPING COUNTRIES
Author(s) -
Kruijf Johan A. M.,
Vries Michiel S.
Publication year - 2014
Publication title -
public administration and development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.574
H-Index - 44
eISSN - 1099-162X
pISSN - 0271-2075
DOI - 10.1002/pad.1686
Subject(s) - pension , stakeholder , corporate governance , sustainability , plan (archaeology) , business , accounting , pension fund , public relations , finance , political science , history , ecology , archaeology , biology
SUMMARY The article discusses governance structure and stakeholder involvement in pension plan reforms. Although the global financial crisis has put pressure on pension reforms, some reforms were implemented earlier because of sustainability issues that had emerged on the basis of, among other issues, demographic trends. We show, based on Dutch experiences, that stakeholders and individual participants in particular were only partially involved in these changes. On the basis of these findings, we propose some tools to improve stakeholder involvement, which can contribute to sustainable support from stakeholders to pension plans. Copyright © 2014 John Wiley & Sons, Ltd.