What is a Trust Office Foundation / Stichting Administratiekantoor (STAK)?


A STAK is a special form of a foundation whose purpose is to hold shares and to issue depositary receipts on the basis thereof. The board of the foundation has control as a shareholder in the companies in which shares are held. A STAK is established to separate the two rights of a share: namely, the right to vote in the general meeting of shareholders and the right to dividend distribution (distribution of part of the profit).