Supervisory Board

The Supervisory Board oversees the Management Board, the general course of events within the company and its business, and provides solicited and unsolicited advice to the Management Board. In performing their function, the Supervisory Directors have regard for the interest of the company and its business.

In accordance with the Large Companies regime, the Supervisory Directors will be appointed by the general meeting of shareholders from a nomination drawn up by the Supervisory Board.

The Management Board, the general meeting of shareholders and Works Council may recommend persons for nomination as Supervisory Directors.

The dismissal of a supervisory director is possible only on the limited number of grounds that are provided in law, through the Enterprise Section of the Amsterdam Court of Appeal. The general meeting of shareholders may under certain conditions revoke its trust in the Supervisory Board, which will by virtue of the law result in the resignation of all members of the Supervisory Board.

The Supervisory Board draws up a profile of the composition of the board (in terms of personality, expertise and background). The Supervisory Board records its internal division of tasks and working method in a regulation governing the Supervisory Board.

An Audit Committee is established within the Supervisory Board, and its responsibilities include reviewing the performance of the external auditor, the administrative organisation and the company’s auditing systems, and discussing the accountant’s periodic financial reports and management letters.

Please find related downloads below.

Regulations and profile of the Supervisory Board
Audit Committee Charter