The Supervisory Board has appointed from among its members an Audit Committee and a Selection and Remuneration Committee. These committees prepare deliberations and implement resolutions for each of their areas.
Audit Committee
As part of its responsibilities, the Audit Committee handles matters concerning the operation of internal risk management and control systems, and the role and functioning of the internal audit department and external auditors. At least one member of the Audit Committee shall be a financial expert. The Audit Committee consists of at least three people; its current members are Mr. H. Scheffers (Chairman), Mr. B. Angelici, and Mr. L.P. Forman.
Further details on the responsibilities of the Audit committee can be found in the Terms of Reference of the Audit Committee (
58 KB).
Selection and Remuneration Committee
The Supervisory Board has also appointed a Selection and Remuneration Committee. The responsibilities of this Committee include the drafting of policies associated with remuneration within the Company and for a proposal to the Supervisory Board regarding the specific remuneration of individual Executive Board Members. It also is responsible for drawing up selection criteria and appointment procedures for Supervisory Board Members and Executive Board Members. The Selection and Remuneration committee currently consists of Mr. L.P. Forman (Chairman), Mr. A. Baan, Mr. S. James, and Mr. P.N. Wakkie.
Further details on the responsibilities of the Audit committee can be found in the Terms of Reference of the Selection and Remuneration Committee ( 29 KB).
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