Independence and conflicts of interests
All members of the Supervisory Board are independent, as
required by the Corporate Governance Code.
No direct, indirect or formal conflicts of interest have
been identified this year, except for one contemplated transaction
with Rabobank. Bert Bruggink is CFO and member of the Executive
Board of Rabobank Nederland, a Dutch bank that holds shares in FMO
(less than 10%). He is also a member of FMO's Supervisory Board.
The (formal) conflict of interest was identified immediately. Bert
Bruggink did not participate in the discussion and decision-making
process on the issue. The contemplated transaction did not
materialize.
FMO has specific regulations concerning private
investments. Compliance by Supervisory Board and Management Board
members with FMO's regulations on private investments is addressed
regularly. Based on the information provided by the members, we
have found no conflicts with regard to private investments.