Supervisory board role and structure
The Supervisory Board supervises the Management Board, and the general course of affairs in the company and in FMO's business. All members are available to the Management Board for strategic advice. They are able to provide advice on specific issues through two dedicated committees, one on audit and risk management, and the other on selection, appointment and remuneration.
Supervisory Board members are appointed by the AGM. The Supervisory Board currently comprises six members with specific expertise in areas relevant to FMO's activities. The Supervisory Board also strives to have at least two female members. In 2012, this goal was achieved with the appointment of Alexandra Schaapveld as successor to Dolf Collee, who retired in 2012. The AGM reappointed Agnes Jongerius and Pier Vellinga. Agnes Jongerius took on the role of Chair of the Selection, Appointment & Remuneration Committee.
On advice of the Selection, Reappointment & Remuneration Committee, the Supervisory Board reappointed Nanno Kleiterp as CEO and Jürgen Rigterink as CIO as per 1 October 2012. The AGM was informed about the intended reappointments earlier in May.
FMO subscribes to the four 'core competences' for banks' Management and Supervisory Boards. Board members are required to have sufficient expertise on the following subjects:
- Management, organization and communication;
- Relevant products, services and markets;
- Sound management; and
- Well-balanced and consistent decision-making.
The introduction program for new Supervisory Board members includes meetings with the Management Board and Works' Council. New members gain further insight into FMO's working processes and target markets through discussions with directors of various departments, investment officers and environmental and social specialists.
The Supervisory Board would like to thank Dolf Collee again for the many years he dedicated to FMO and his valuable contributions on many occasions.
Supervisory board structure and memberships
|Supervisory Board member||Personal information||Initial appointment||End of current appointment||Supervisory Board Committee membership|
|Dutch, 1947, male||2010||2014||Audit & Risk Committee
Selection, Appointment & Remuneration Committee
|Bert Bruggink||Dutch, 1963, male||2009||2013||Audit & Risk Committee, Chairman|
|Dolf Collee||Dutch, 1952, male||2001||2012||Selection, Appointment & Remuneration Committee
Chairman (until 9 May 2012)
|Agnes Jongerius||Dutch, 1960, female||2008||2016||Selection, Appointment & Remuneration Committee
Chair (as of 9 May 2012)
|Alexandra Schaapveld||Dutch, 1958, female||2012||2016||Audit & Risk Committee (as of 9 May 2012)|
|Pier Vellinga||Dutch, 1950, male||2008||2016||Audit & Risk Committee|
|Dutch, 1945, male||2006||2014||Audit & Risk Committee (until 9 May 2012)
Selection, Appointment & Remuneration Committee (as of 9 May 2012)