Supervisory Board committees
The Supervisory Board has a Remuneration & Appointment Committee and an Audit Committee. The task of these Committees is to prepare the decision making of the Supervisory Board; they have no independent decision-making authority. The Regulations of the Committees are published on the Company’s website. Both Committees report regularly to the Supervisory Board regarding their deliberations and findings.
Remuneration & Appointment Committee
The Remuneration & Appointment Committee comprises the Supervisory Board member with the ‘social profile’, who is also the Chairman of the Remuneration & Appointment Committee, plus the Supervisory Board’s Chairman and Vice-chairman.
The duties of the Remuneration & Appointment Committee include:
- proposals for the remuneration policy of the Executive Board and the individual Board members;
- compiling the remuneration report;
- selecting and appointing the members (including drawing-up appointment criteria and procedures) of the Executive Board and the external Supervisory Board members;
- regular evaluation of the size and composition of the Supervisory Board, the Supervisory Board Committees and the Executive Board;
- regular evaluation of the functioning of the Executive Board, the Supervisory Board, the individual members of both these Boards and the Supervisory Board’s committees;
- preparation of the decision-making regarding the Executive Board remuneration policy; and
- supervision of the Executive Board’s remuneration policy, selection criteria and appointment procedures for members of the senior management
Members of the Remuneration & Appointment Committee:
- Peter Elverding, Chairman
- Piet Boer
- Jan Keijsers
The Audit Committee comprises the financial expert and one other external Supervisory Board member plus two Supervisory Board members who are also members of the Board of the Cooperative.
The duties of the Audit Committee are of a preparatory nature and relate to:
- the accuracy and completeness of the financial reporting;
- compliance with recommendations from the Corporate Internal Audit department and the external auditor;
- the reliability and continuity of ICT systems;
- the internal administrative organisation;
- the functioning of the internal risk management and control systems;
- compliance with legislation and regulations;
- tax policy;
- financing and application of information and communication technology;
- the role and functioning of the internal auditor; and
- the appointment of and relationship with the external auditor (including the auditor’s independence, remuneration and non-audit-related tasks).
The Audit Committee is the first contact point for the external auditor should the audit reveal irregularities in the Company’s financial reporting.
Members of the Audit Committee
- Ben van der Veer, Chairman
- René Hooft Graafland
- Erwin Wunnekink