If the size of a BV exceeds a certain threshold, the business qualifies as a structuurvennootschap. As a consequence, it must install a supervisory board or appoint non-executive directors to the board of directors. A BV or NV qualifies as a structuurvennootschap if:
- The sum of the company’s issued share capital and reserves is more than EUR 16 million
- The company is legally bound to appoint a Works Council; and
- The company employs at least 100 employees in the Netherlands.
Related Questions
What does the board have to do, besides properly managing the company and drawing up the financial statements?
A legal entity may only participate in economic or social life if represented by natural persons. Who is authorized to represent the BV?
What do the supervisory board and the non-executive directors do, besides supervising and advising the board of directors?
Althouh the BV has legal personality, the directors can in some cases be held personally liable. When?