External auditor

TenneT’s external auditor is PricewaterhouseCoopers Accountants N.V. The external auditor is appointed by the General Meeting of Shareholders.

The external auditor is charged with auditing the financial statements of TenneT and its subsidiaries and reports to the Supervisory Board and the Board of Management. The external auditor draws up the auditor’s report and management letter and issues the auditor’s statement that accompanies TenneT’s financial statements.

Nomination of external auditor

The external auditor’s performance is evaluated by the Board of Management and the Audit Committee. The Supervisory Board is informed of the evaluation results and subsequently submits a proposal for the appointment of the external auditor to the General Meeting of Shareholders.

In accordance with the guidelines of the Royal Netherlands Institute of Chartered Accountants (NIVRA) and the best-practice provisions of the Corporate Governance Code, a different responsible partner of the external auditor is appointed once every seven years.