Supervisory Board
TenneT Holding B.V. has a Supervisory Board. The Supervisory Board monitors the Management Board's strategic and organisational policy and the manner in which it runs the company and its associated enterprises. The Supervisory Board carries out its duties in the best interest of the business, and weighs up all relevant interests when taking its decisions. The Supervisory Board consists of five members:
- dr. ir. A.W. Veenman (chairman)
- dr. J.F.Th. Vugts(vice-chairman)
- drs. J.F. van Duyne
- drs. C. Griffioen RA
- ir. R. Zwitserloot
Supervisory Board composition
The Supervisory Board has produced a profile of its size and composition. The profile takes into account the nature of the company and the required expertise and background of Supervisory Board members.
Supervisory Board regulations
In line with the Corporate Governance Code, in May 2004 the Supervisory Board prepared a set of regulations to support the proper performance of its duties.
Retirement rota
The members of the Supervisory Board are initially appointed for a period of four years. They can be reappointed for a maximum of two additional terms of office. The Supervisory Board has prepared a Retirement rota in order to prevent as much as possible the simultaneous retirement of several members.
Audit Committee
The Supervisory Board has selected a number of its members to form an Audit Committee. The Audit Committee’s tasks include overseeing the (quality of the) company’s financial reporting, the company’s financial reporting policy and procedures, the (quality of the) internal risk management and control systems, and the independent external audit of the financial statements. The duties of the Audit Committee are set out in the Audit Committee regulations.
Remuneration and Appointments Committee
The Remuneration and Appointments Committee is charged with making proposals concerning the remuneration policy to be pursued, the remuneration of individual directors and the preparation of the remuneration report. The Committee also defines criteria for the appointment of directors and supervises the procedure for the appointment of new directors. These tasks are set into the 'Regulations Remuneration and Appointments Committee' (in Dutch only).
Profile
The Supervisory Board has produced a profile of its size and composition that takes into account the nature of the company and the required expertise and background of Supervisory Board members.
Retirement rota
The members of the Supervisory Board are initially appointed for a period of four years. They can be reappointed for a maximum of two additional terms of office. The Supervisory Board has prepared a Retirement rota in order to prevent as much as possible the simultaneous retirement of several members.
| Name | Date first appointed | End of first 4‑year term | End of second 4‑year term | End of third 4‑year term | Latest retirement date |
|---|---|---|---|---|---|
C. Griffioen | 15 June 2000 | 15 June 2004 | 15 June 2008 | 15 June 2012 | AvA 2013 |
J.F.T. Vugts | 17 July 2001 | 17 July 2005 | 17 July 2009 | 17 July 2013 | AvA 2014 |
J.F. van Duyne | 26 October 2001 | 26 October 2005 | 26 October 2009 | 26 October 2013 | AvA 2014 |
A.W. Veenman | 9 March 2005 | 9 March 2009 | 9 March 2013 | AvA 2017 | |
R.G.M. Zwitserloot | 24 November 2010 | 24 November 2014 | | | AvA 2023 |
Regulations
Supervisory Board Regulations
In line with the Corporate Governance Code, the Supervisory Board prepared a set of regulations to support the proper performance of its duties.
Audit Committee Regulations
The Audit Committee's tasks include overseeing the (quality of the) company's financial reporting, the company's financial reporting policy and procedures, the (quality of the) internal risk management and control systems, and the independent external audit of the financial statements. The duties of the Audit Committee are set out in the Audit Committee Regulations.
Remuneration and Appointments Committee Regulations
The Remuneration and Appointments Committee is charged with making proposals concerning the remuneration policy to be pursued, the remuneration of individual directors and the preparation of the remuneration report. The Committee also defines criteria for the appointment of directors and supervises the procedure for the appointment of new directors. These tasks are set out in the Remuneration and Appointments Committee Regulations (Dutch only).
Strategic Investments Committee Regulations
The Strategic Investments Committee is charged with assessing whether investment proposals by the Management Board are compatible with the company's economic, financial and technical objectives. This task is set out in the Strategic Investments Committee Regulations.
