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Organization and functioning

The Supervisory Board consists of nine members representing the shareholders.
They are appointed by the shareholders in an Annual General Meeting.

The Supervisory Board appoints the Executive Board, and supervises the management’s conduct of business. The Executive Board runs the business on its own responsibility. It is the body that represents and manages the Company.

Supervisory Board functioning:

  • written documentation shall be sent at least one week before the meeting
  • the quorum is considered to be fulfilled if all Supervisory Board members have been duly invited and at least 5 of the Supervisory Board members are attending the meeting
  • Resolutions require a simple majority.