Supervisory Board
Role and responsibilities
The Supervisory Board supervises the Executive Board’s policy and the general course of affairs within ASN Bank. It also assists the Executive Board by providing advice. In carrying out its duties, the Supervisory Board is guided by sustainable long-term value creation by ASN Bank and its activities, and carefully considers the interests of all its stakeholders, including customers, shareholder, employees and wider society.
Governance documents
More information on the responsibilities and functioning of the Supervisory Board can be found in the Articles of Association and the Rules of Procedure of the Supervisory Board. The Profile for the Supervisory Board is attached as Annex I to the Supervisory Board Rules of Procedure.
Composition
Supervisory Board committees
The Supervisory Board has established four committees:
- Audit Committee (AC)
More about the AC - Risk and Compliance Committee (R&CC)
More about the R&CC - Selection Nomination and Remuneration Committee (SNRC)
More about the SNRC - Environmental, Social and Governance Committee (ESGC)
More about the SNRC
The committees prepare the decision-making of the Supervisory Board and support the Supervisory Board in carrying out its supervisory and advisory responsibilities.
Each committee has its own charter, which is published on our website. These documents define the roles, responsibilities, composition, and procedures of the committees. The composition of each committee complies with the applicable independence requirements.
Succession
A Supervisory Director is appointed for a period of four years and can thereafter be reappointed once for a period of four years. The Supervisory Director can subsequently be reappointed again for a term of two years, which can then be extended by a maximum of two years. Reappointment after a period of eight years is justified in the report of the Supervisory Board. Upon appointment or reappointment, account is taken of the profile of the Supervisory Board, the performance of the person concerned, the term of office and other criteria to be determined.