Dozens of Dutch companies take too long to prepare or publish their annual accounts, and thereby violate Dutch law, Financieele Dagblad reports based on research by professor of external reporting Ruud Vergoossen and AFM reporting expert Ton Meershoek.
The two researchers examined the 2015 annual accounts of more than a thousand large and medium sized unlisted companies in the Netherlands. Over 50 percent of these companies were late with their annual reports. Many companies do adhere to the law, but use as many exemptions as possible to disclose information later or not at all.
