NN Group recognises the importance of good corporate governance. Our experienced executive team comprises an Executive Board and a Management Board.
The Executive Board is entrusted with the management, strategy and operations of NN Group under the supervision of the Supervisory Board. Its members are David Knibbe, chair and Chief Executive Officer, and Delfin Rueda, vice-chair and Chief Financial Officer.
The Management Board is responsible for the day-to-day management of NN Group and the company’s overall strategic direction.
Management Board NN Group
*) also member of the Executive Board.
Supervisory Board NN Group
Our Supervisory Board committees
The Supervisory Board has established from among its members four committees, (i) the Audit Committee, (ii) the Risk Committee, (iii) the Nomination and Corporate Governance Committee and (iv) the Remuneration Committee. The function of these committees is to prepare the discussion and decision making of the Supervisory Board.
The Audit Committee assists the Supervisory Board in monitoring the integrity of the financial statements of NN Group, in monitoring the compliance with legal and regulatory requirements and in monitoring the independence and performance of NN Group’s internal and external auditors.
The members of the Audit Committee are Mr J.W. Schoen (chair), Mr D.A. Cole, Mr H.J. Hauser and Mr R.W. Jenkins.
The Risk Committee assists and advises the Supervisory Board in monitoring the risk profile of NN Group as well as the structure and operation of the internal risk management and control systems.
The members of the Risk Committee are Mr H.J. Hauser (chair), Mr R.W. Jenkins, Mr J.W. Schoen and Ms C-C.F.T Streit.
Nomination and Corporate Governance Committee
The Nomination and Corporate Governance Committee advises the Supervisory Board, among other things, on the composition of the Supervisory Board and Executive Board and assists the Supervisory Board in monitoring and evaluating the corporate governance of NN Group as a whole and the reporting thereon in the Annual Report and to the General Meeting. In addition, it advises the Supervisory Board on improvements.
The members of the Nomination and Corporate Governance Committee are Mr D.A. Cole (chair), Mr H.J. Hauser and Ms H.M. Vletter-van Dort.
The Remuneration Committee advises the Supervisory Board, among other things, on the terms and conditions of employment (including their remuneration) of Executive Board members and the policies and general principles on which the terms and conditions of employment of Executive Board members, Management Board members and of senior managers of NN Group and its subsidiaries are based.
The members of the Remuneration Committee are Ms H.M. Vletter-van Dort (chair), Mr J.W. Schoen and Ms C-C.F.T Streit.
Share ownership Executive Team
Members of the Executive Board, Management Board and Supervisory Board are permitted to hold NN Group shares for long-term investment purposes. Transactions in these shares are subject to NN Group’s regulations for insiders. Movements in the holding of NN Group shares may take place for various reasons, including as a result of dividend pay-out or as part of the remuneration.
Information on transactions in NN Group securities by persons and institutions who are obliged to notify transactions in NN Group securities can be found on www.afm.nl, the website of the Dutch regulator.