Dutch pension funds may be forced to call on foreign board expertise as they face hundreds of potential board vacancies over the next 2-3 years, experts have warned. During a recent seminar on governance organised by asset manager F&C, several experts on a discussion panel responded positively to a suggestion from the audience that Dutch schemes should consider drawing on foreign board expertise.The discussion followed the prediction by Maas Simon, a partner at pension board consultancy Xudoo, that increased legal demands with respect to board-member expertise and time constraints – as well as the ageing of serving board members – would lead to 500-600 vacancies over the next few years.Mike van Engelen, a partner at pensions adviser Montae, said: “Foreign expertise is worth considering, as many themes within the international pensions sector are similar.” However, he argued that cultural differences would first need to be overcome.His view was echood by Casper van Ewijk, director at Netspar, the network for pension researchers and professionals, who suggested new people could provide a fresh look at old issues.Xander den Uyl, former vice-chairman of the €300bn civil service scheme ABP, pointed out that international expertise was already being used for investment decisions, while Tim Kamphorst, a headhunter and partner at The Executive Network, suggested that foreign experts might be deployed in asset management.“But it is unlikely that they can contribute in areas such as pension arrangements and specific Dutch legislation, including the financial assessment framework FTK,” he told IPE.However, a significant majority of the attending pensions professionals rejected the possibility of recruting top board members abroad.Jan-Jaap Dahmeijer, superviser at pensions regulator De Nederlandsche Bank, questioned whether Dutch schemes were putting sufficient effort into finding independent and capable board members.“Currently, women are hardly represented on the boards of pension funds,” he added.
Young BiH table tennis player, one of the most talented local athletes, had another excellent performance. At the Balkan Junior Championship in Kikinda she won third place in the doubles tournament with her partner Aneta Maksuti from Serbia.In an interview with Radio Sarajevo, she said that she is especially pleased with her performance, especially since in the last few months she missed a number of tournaments.“It was good and I am satisfied. It is difficult to mentally return to competing after several months of not competing, but I have shown that I could. I was able to convey good rhythm in the individual competition’’, said Emina.The young woman from Sarajevo is expected to perform at the European Junior Championship in Ostrava.“The expectations are very high, and following a good performance in Kikinda I feel that I can do it. Medal? Everything is possible, but I do not see this tournament as the most important because the top 10 tour in Sarajevo will follow, and I will try to be in form for that’’, said Emina.“I love this sport and I look forward to every competition. I want to continue to win and to continue my path towards the top’’, said Emina at the end of her interview with Radio Sarajevo.(Source: radiosarajevo.ba)