Composition of the supervisory board and activities of committees
The curricula vitae of the Supervisory Board members, included in this section, provide information on the composition of all of the committees appointed by the Supervisory Board, whereby each committee consists of three Supervisory Board members. The activities of the committees are discussed below.
The Supervisory Board comprises five directors in total. In 2009, two members, Mr Doets and Mr Doijer, reached the end of their term of office. Mr Doets was replaced by a new member, Mr Beijer, who was appointed during the General Meeting of Shareholders on 17 April 2009. The Supervisory Board would like to thank Mr Doets for his efforts.At that same meeting Mr Doijer was reappointed by the Supervisory Board. In 2010 the Supervisory Board will review its profile taking into account the requirements of the Corporate Governance Code.
AUDIT COMMITTEE
The Audit Committee met four times in 2009. The main items on the agenda were the quarterly, half-yearly and annual report, the auditors’ report, the management letters and the annual report. The Audit Committee therefore met with the external auditor at least once without any Management Board members being present in the applicable year.
Risk management, treasury activities, foreign exchange policy and the company’s financial results and position were discussed. The committee has reviewed furthermore the need for an internal auditor, but does not recommend one for the time being. This will be reviewed again in 2010.
Remuneration committee
The Remuneration Committee met once during the year under review to discuss the variable remuneration and the short-term and long-term incentive of the Management Board.
Further information on the structure of and background to the remuneration policy can be found in the remuneration report section in this annual report. The remuneration report was prepared by the Remuneration Committee and has been adopted by the Supervisory Board. The process followed in 2009 is in line with the remuneration policy approved at the Extraordinary General Meeting of Shareholders on 10 December 2004 and the proposed amendment adopted by the General Meeting of Shareholders on 29 April 2008.
SELECTION COMMITTEE
The Selection Committee met once in 2009 to discuss the selection of the successor of the CFO, Mr Haars.
PERSONNEL
We would like to take this opportunity to express our appreciation and thanks to the Management Board and Corio’s employees for all their hard work during the past year.
Utrecht, 18 February 2010
The Supervisory Board
Source: Annual Report 2009, Chapter Overview & Strategy, page 11 (PDF, 13.679 kB)
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