Supervisory Board structure and role
The Supervisory Board is responsible for supervising 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 and are able to provide advice on
specific issues, with 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 seven members, with very
specific expertise in areas relevant to FMO's activities. As
mentioned above, after the retirement of Willy Angenent, the
Supervisory Board will consist of six members again.
The introduction program for new 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 investment officers and social and environmental
specialists.
Jean Frijns was appointed to the Supervisory Board in May 2010.
Willy Angenent was reappointed after his second four-year term
expired in the same month. In last year's Annual Report it was
already mentioned that it was not his intention to serve the full
four years and he will retire directly after the 2011 AGM.
Rein Willems was reappointed last year for a second four-year
term.