Diversity and inclusion

FMO promotes diversity at all levels, including for the Management Board and Supervisory Board. FMO’s diversity policy is embedded in several documents and ways of working. The aim of our diversity policy is to have well-balanced boards, which are up to their task and can arrive at good solutions, while considering the members’ different perspectives, backgrounds and experiences.

The Supervisory Board aims for a diverse composition with respect to gender, education, experience and age, as well as relevant knowledge, expertise and experience in the business areas in which FMO is active. Similar diversity aspects apply to the composition of the Management Board. This is deemed important to ensure effective supervision and management respectively and, by extension, long-term value creation. In line with FMO’s diversity policy, and included in the Supervisory Board Profile and the Standing Rules of the Management Board, and also in line with the Act on Gender Balance in Management and Supervisory Boards (In Dutch: ‘Wet evenwichtiger verhouding tussen mannen en vrouwen in bestuur en raad van commissarissen’), FMO strives to meet its gender target.

For the Supervisory Board, the target is for the board to consist of at least one third men and at least one third women. On 24 April 2024, during the Annual General Meeting of shareholders (AGM), Eme Essien Lore was appointed as the sixth and final member of the Supervisory Board. At the same meeting, Dugald Agble, Marjolein Demmers, and Reintje van Haeringen, all current members of the Supervisory Board, were reappointed for a second term of 4 years. The Supervisory Board consists of six members. At year-end, the Supervisory Board consisted of three women (50 percent) and three men (50 percent). Two of the Supervisory Board members are non-Dutch. Dugald Agble holds Ghanaian and British nationality and Eme Essien Lore holds US nationality.

For the Management Board, the aim is for it to consist of at least one third men and one third women. At year end, the Management Board consisted of two women (40 percent) and three men (60 percent). The Management Board consists of one Ivorian member, one member with South-African and British nationality and three members with Dutch nationality. The ages of the members are well distributed, and knowledge and experience comply with the applicable matrices.