The Director of the Foundation is Femke Hendriks. Femke has a long history in the field of collective actions and corporate governance. She is a widely recognized expert in shareholder litigation and has been involved in a number of high-profile securities litigation cases in The Netherlands, US, Europe and Asia.
Femke was one of the key initiators of the Act on the Resolution of Mass Claims in Collective Action (WAMCA) and was part of the Expert Group that advised the Dutch Ministry of Justice on this act, which came into force in the Netherlands on 1 January 2020. She vigorously advocated this bill in order to enable affected parties to recover monetary damages in addition to existing Dutch WCAM-legislation.
In her capacity as Attorney at Law/Senior Advisor Responsible Investment at PGGM Investments, a cooperative Dutch pension fund service provider with appr. EUR 200 billion assets under management, she was responsible for PGGM’s shareholder litigation activities worldwide and, in this capacity, played leading roles in the multibillion Bank of America class action and the collective proceedings in the Fortis case.
Prior to that Femke, who started her career as a corporate lawyer, gained a high level of experience in collective actions as Vice Director of the Dutch Shareholders Association VEB. In this function, she was involved in landmark cases as World Online and Ahold and, contributed to the development of the first Dutch Corporate Governance Code in 2003.