Roles and responsibilities: management
The Management Board is responsible for managing the company, which means that, among other things, it is responsible for the achievement of corporate objectives, for corporate strategy and policy, and for the ensuing trend in results. The Management Board is accountable for this to the Supervisory Board, and the Supervisory Board is in turn accountable to the General Meeting of Shareholders. In performing their duties, the Management Board and Supervisory Board are guided by the interests of the company and its associated business, and to that end they take into account the various interests of the company’s stakeholders. The Management Board is responsible for complying with the relevant legislation and regulations, for managing the risks connected with the business operations and for the company’s financing. The Management Board reports to the Supervisory Board on these matters. The Management Board is responsible for the accuracy, timeliness and completeness of all published reports. The Supervisory Board ensures that the Management Board fulfils this responsibility. The Management Board has, with the approval of the Supervisory Board, determined the company’s strategy, under which Corio is an independent investment company in commercial property with a focus on shopping centres. In its strategic planning Corio is guided by the responsibility that the company has towards its shareholders, employees and others with whom it has business relationships.
Source: Annual Report 2008, Chapter Corporate governance, page 124 (PDF, 72 kB)
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