Corporate governance
EBN places huge importance by good corporate governance. For this reason, EBN voluntarily applies the principles and best practice provisions of the Dutch Corporate Governance Code (where these are relevant to EBN). This means that EBN complies the government’s policy on state holdings and the Corporate Governance Code.
EBN subscribes to the principle that transparency towards stakeholders is fundamental. EBN also attaches great importance to transparency within its own organisation. The company has a code of conduct, a confidential counsellor, a complaints committee and a whistleblower scheme.
Appointment of EBN’s directors and Supervisory Board members
The shareholder appoints the directors and the members of the Supervisory Board. The Supervisory Board makes a nomination to the shareholder for the appointment of a director. The shareholder appoints members of the Supervisory Board on the recommendation of the Supervisory Board. The shareholder appoints a Chair from among the members of the Supervisory Board.
Supervisory Board
The Supervisory Board is tasked with supervising the policy pursued by the Executive Team and the general course of affairs at EBN. It also advises the Executive Team where necessary and on request. In turn, the Executive Team provides the Supervisory Board with all necessary and relevant information for the Supervisory Board to optimally perform its tasks and responsibilities. EBN’s governing document states that the Executive Team requires the prior approval of the Supervisory Board for certain decisions.
The Executive Board
The management of EBN consists of three directors who together form the executive board. The CEO is the chairperson of the executive board.
The executive board is responsible for the overall policy and strategy, including the associated risk profile of the company. The executive board is also responsible for achieving the company’s objectives, performance development, and the socially relevant aspects of business operations.
Where necessary, the executive board submits decisions for approval to the shareholder or the supervisory board (RvC). Additionally, the executive board ensures a well-functioning internal risk management and control system.
