Committees


The Audit Committee provides recommendations to the Board of Directors on financial reporting, budget control, borrowings, internal audit, risk management, taxation and recommendations based external audit results.

The Audit Committee consists of two members of the Board of Directors.

Mr. Gilles Mettetal, Non-Executive Director C, is a Chairman of the Committee.

Competence and rules of the Audit Committee are determined by the Charter of the Rules Governing the Audit Committee.

Remuneration Committee

The Remuneration Committee provides recommendations to the Board of Directors regarding the Remuneration Policy of the members of the Board of Directors and employees subordinate to the Board of Directors in accordance with the best corporate governance practices, establishing key performance indicators and succession planning.

The Committee prepares a Remuneration report of the Board of Directors in accordance with the Dutch Corporate Governance Code, 2016 and submits it for consideration of the General Meeting of Shareholders.

The Committee consists of two members of the

Board of Directors. Mr. Howard Dahl, a Non-Executive Director C is the Chairman of the Remuneration Committee.

The competence and rules of the Committee are defined in the Charter of the Rules Governing the Remuneration Committee.

Sustainability and Corporate Responsibility Committee

The Sustainability and Corporate Responsibility Committee provides recommendations to the Board of Directors regarding the supervision and compliance with the Sustainable Development Policy, its effectiveness, the Company’s strategy and programmes in the field of sustainable development and corporate social responsibility.

The Committee consists of three members of the Board of Directors. Mr. Victor Ivanchyk, the Executive Director A, is the Chairman of the Committee.

The competence and rules of the Committee are defined in the Charter of the Rules Governing the Sustainability and Corporate Responsibility Committee.