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Meetings of the Supervisory Board

During the year under review the Supervisory Board held six regular meetings. Due to COVID-19 restrictions the Supervisory Board could not meet in person as from March and, as a consequence, five meetings were held online. Two physical meetings were held in relation to the updated long-term strategy, Advance 2025. Next to these, nine other conference-call meetings were held, most of which had (the impact of) COVID-19 as main subject. The Board of Management attended these meetings. The Supervisory Board also met regularly in the absence of the Board of Management to discuss, amongst others, developments in the financial results and the composition and functioning of the Supervisory Board and Board of Management. Members of the Supervisory Board regularly met with the members of the Executive Committee, business leaders, and members of corporate staff. The external auditor attended the meeting of 6 March 2020, at which the 2019 Annual Report and Financial Statements were recommended for adoption by the annual General Meeting of Shareholders.

The Chairman and Vice-Chairman of the Supervisory Board regularly met with the CEO and CFO either in person or by phone, for bilateral discussions about the progress of the company on a variety of matters.

Attendance at the in-person meetings held in 2020 was 100%. Attendance at the conference-call meetings was almost 100%; Steen Riisgaard was not able to attend one meeting. He provided his input beforehand to the Chairman of the Supervisory Board. As in previous years all members of the Supervisory Board were able to make themselves sufficiently available to give adequate attention to the needs of Corbion.