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.

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Management board

As of 5 January 2005, Corio has been obliged by law to have the two-tier board structure applicable to large companies.

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Supervisory board

The role of the Supervisory Board is to oversee the Management Board’s policy and the general developments within the company and its associated business, and to support the Management Board with advice.

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Audit committee

The Audit Committee’s most important task is to monitor the integrity of published financial information.

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Company secretary

The Supervisory Board is supported by the Company Secretary.

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Shareholders

General Meetings of Shareholders are convened by either the Management Board or the Supervisory Board.

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External auditors

The external auditors are appointed by the General Meeting of Shareholders, on the recommendation of the Supervisory Board, which receives advice on this matter from both the audit committee and the Management Board.

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Regulators

Financial supervision in the Netherlands is exercised by the Dutch central bank, De Nederlandsche Bank (DNB), and the Dutch Authority for the Financial Markets (AFM).

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