Management board
As of 5 January 2005, Corio has been obliged by law to have the two-tier board structure applicable to large companies. The Management Board consists of at least two directors, who are appointed by the Supervisory Board after it has first received the advice of the works council and notified the General Meeting of Shareholders. The Supervisory Board can also appoint one of the directors as chairman of the Management Board. The Supervisory Board determines the number of directors. Members of the Management Board are appointed for a maximum period of four years, their term of office expiring on the day of the General Meeting of Shareholders four years after the year in which they were appointed, unless they step down earlier. The segregation of the Management Board’s duties and its procedures are laid down in the Articles of Association and a set of rules. The Articles of Association and the rules of the Management Board have been placed on Corio’s website (www.corio-eu.com). Since 2008, the Management Board has consisted of three members, namely Mr G. Groener (CEO), Mr J. Haars (CFO), and Mr F. Fontaine.
The company has a policy for the remuneration of its Management Board, which was adopted by the General Meeting of Shareholders held on 29 April 2008 at the proposal of the Supervisory Board. For further information, please refer to the remuneration report on 2008 elsewhere in this annual report.
Conflicts of interest between the company and members of the Management Board are avoided, and no such conflicts arose during 2008.
Source: Annual Report 2008, Chapter Corporate governance, page 125 (PDF, 72 kB)
Add to My report