Meetings of the Supervisory Board

During the year under review, the Supervisory Board held seven regular meetings. In addition to these, six conference call meetings were held. The Board of Management attended these meetings. The Supervisory Board also met regularly in the absence of the Board of Management to discuss, among 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 Supervisory Board meeting on 2 March 2023, at which the 2022 Annual Report and Financial Statements were recommended for adoption by the annual General Meeting of Shareholders.

The Chair and Vice-Chair 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 2023 was 95%. Liz Doherty and Dessi Temperley could not attend a part of the meeting in March, and Ilona Haaijer could not attend a part of the meeting in October. Ilona Haaijer was not able to join the meeting in April. She provided her input beforehand to the Chair of the Supervisory Board. Attendance at the conference call meetings was 100%.