Compliance, Ethics & Sustainability Voorheen tijdschrift voor Compliance 2011 nr. 4/5

Global Compliance from a Practical Dutch Perspective. From fighting windmills and a finger in the dyke towards a robust Delta Compliance Plan

J. Wiebenga LL.M, M.C.C.*

Part of the Houthoff Buruma National Compliance Debate 2011, by J. Wiebenga LL.M, M.C.C.* The plum tree – A story Johnny saw some fine plums hanging, Oh! like eggs, so very large; Johnny seemed about to pluck them, Though against his father’s charge. Here is not, said he, my father, Nor the gard’ner near the tree, From those boughs so richly laden, Five or six plums – who can see?1 Introduction This famous Dutch verse written

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for schoolchildren in the 18th century by Hieronymus van Alphen, a Dutch poet and Attorney General at the Court of Utrecht, was cited by judge Verpalen of the Haarlem Court at the start of the Amsterdam Zuidas Property Fraud case in early 2011. This case involved former directors at Philips Pension Fund and Rabo Bouwfonds, who allegedly channelled 200 million euros into their own accounts. The tone and the gist of the court case was set, but the defence attorney successfully sought recusal arguing that the bench had created ‘an impression of partiality’ by suggesting that the suspects may have assumed that Philips and the Rabo bank were too big to miss some ‘plums’. By the time this article has been published the court verdict will most likely be known publicly. Although judge Verpalen seemed to hit the nail on the head, unfortunately for him he did so in the wrong place, at the wrong time. Ernst & Young revealed in a 2006 survey report: ‘A perceived opportunity for fraud exists when an employee believes he can override anti-fraud controls, for example, because the individual is in a position of trust or is aware of weaknesses in the control environment. Fraudsters can often rationalise their actions because they can justify to themselves the circumstances that allow them to commit a dishonest act. Even otherwise honest individuals can commit fraud in an environment that imposes sufficient pressure on them, whether this originates from sources inside or outside the organisation.’2

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J. Wiebenga LL.M, M.C.C.*
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Uniek Den Hollander publicatienummer
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