Corporate governance structure at ERIKS group nv
The executive board and supervisory board of ERIKS group nv attach great importance to good corporate governance. For many years the group has formally and informally maintained a clear dividing line between the responsibilities of the executive board and those of the supervisory board.
Reporting to shareholders and other stakeholders is as open as possible. Recommendations put forward by shareholders are always examined and acted upon constructively, insofar as they promote the group’s continuity and take into account the interests of all stakeholders.
As regards the control exercisable by shareholders, the board has followed developments in society and changes made to corporate law.
Shareholders currently holding ordinary shares have full voting rights and are directly involved in
- approving policy and strategy
- appointing the members of the executive board and the supervisory board
- adopting the financial statements
- approving the policy on dividends
- approving the policy on the executive board’s remuneration.
Foundation ERIKS Group (protective construction)
The Foundation ERIKS Group has been granted the right to acquire preferred shares in ERIKS group nv up to 100 percent of the total par value of the ordinary and financial preferred shares in the capital of ERIKS group nv in circulation at the time when the right is exercised.
This protective construction exists solely as a measure for allowing time in the event of hostile action by third parties. It enables the company to determine whether such actions are in the interests of all stakeholders of the ERIKS group and whether the intentions of the third parties are in line with the strategy of the ERIKS group.
The aim of the Foundation ERIKS Group is to protect and defend the interests of ERIKS group nv and its affiliated companies and all stakeholders. The Foundation is an independent legal entity and is not controlled by any other legal entity.