Proposals and recommendations to the Annual General Meeting
Having stated all of the above, the Supervisory Board endorses the report of the Management Board. We propose that the AGM adopt the 2021 Annual Accounts audited by EY Accountants LLP. In accordance with Article 6 (2) of the State-FMO Agreement of November 16, 1998 and the current dividend policy, we propose that the AGM approve the allocation of €491 net profit (2020: €205 million net loss) as follows: distribution of €12.8 million as cash dividend equal to €32.08 per share A and B and add the remaining net profit of €478 million to the contractual reserve.
The Supervisory Board will inform its shareholders on the status of the search for two new Management Board members: a Chief Risk Officer and a Co-Chief Impact Investment Officer.
We trust that the AGM will also discharge the Management Board for its management of FMO and the Supervisory Board for its supervision during the reporting year.