Supervisory Board
Duties and responsibilities
It is the duty of the Supervisory Board to supervise the policy of the Management Board and the general affairs of Nuon and its affiliated enterprises. To this end, the Supervisory Board assists the Management Board by providing advice. The Supervisory Board is collectively responsible for the performance of its own tasks.
In discharging its role, the Supervisory Board is guided by the interests of Nuon and its affiliated enterprises, while giving careful consideration to the interests of all stakeholders.
Appointment
A member of the Supervisory Board is appointed by the General Meeting of Shareholders on the nomination of the Supervisory Board. Both the General Meeting of Shareholders and the Central Works Council have a reinforced right of recommendation for a third of the Supervisory Board members. In addition, the right of recommendation can be exercised by the Committee of Shareholders in stead of General Meeting of Shareholders, which also happens in practice at Nuon.
Composition
The composition of the Supervisory Board is such that all required expertise is present for a proper performance of the tasks and that the members can operate critically and independently of each other, the management and any particular interests.