ING Direct 2009 Annual Report Download - page 57

Retirement of Karel Vuursteen
Karel Vuursteen will retire from the Supervisory Board taking
into account that he will reach the age of 70 in 2011 and the wish
of the Supervisory Board to reduce its size. Mr. Vuursteen joined
the Supervisory Board in 2002. He became a member of the
Remuneration and Nomination Committee in 2007. Mr. Vuursteen
was very committed to the Company’s interests. He was of great
value to the Supervisory Board and to the Remuneration and
Nomination Committee due to his vast experience and insight in
the international business community. Both the Supervisory Board
and the Executive Board are very grateful for his strong personal
contribution through the years.
Retirement of Piet Hoogendoorn
Piet Hoogendoorn will step down from the Supervisory Board
one year earlier than originally planned. Mr. Hoogendoorn was
appointed a member of the Supervisory Board in 2007 and
brought with him valuable insight into accounting practices due
to his former position with Deloitte Touche Tohmatsu until 1 June
2007. He was a devoted member of the Audit Committee. Both
the Supervisory Board and the Executive Board would like to thank
Mr. Hoogendoorn for his commitment and contribution to ING.
Retirement of Harish Manwani
In view of his relocation from London to Singapore and increasing
commitments both within Unilever and outside, Mr. Manwani has
decided to step down from the Supervisory Board of ING Group.
Mr. Manwani was appointed a member of the Supervisory Board
in 2008. His insight into developing and emerging markets and
international marketing practices, along with his experience as an
acting executive director of an international company was of great
value in the Supervisory Board. Both the Supervisory Board and
the Executive Board thank Mr. Manwani for his commitment
and contribution to ING.
ANNUAL ACCOUNTS AND DIVIDEND
The Executive Board has prepared the annual accounts and
discussed these with the Supervisory Board. The annual accounts
will be submitted for adoption at the 2010 General Meeting as part
of the Annual Report. For 2009 no interim dividend has been paid.
ING has announced that it will not pay a final dividend in May 2010
for the year 2009.
APPRECIATION FOR THE EXECUTIVE BOARD
AND ING EMPLOYEES
The Supervisory Board would like to thank the members of the
Executive Board and two Management Boards for their work and
commitment to ING in a very challenging political and economic
environment. In 2009 the work of the Executive Board and the two
Management Boards focused on getting ING back on track and
designing the future strategy. The Supervisory Board would also like
to express its appreciation to the 107,000 employees of ING who
have served the interests of the customers, the shareholders and
other stakeholders of ING, and have shown great commitment in
the past challenging year.
ADDITIONAL INFORMATION
For additional information, see the Corporate governance section
(pages 56-68) and the Remuneration report (pages 76-87),
which are deemed to be incorporated by reference here.
AMSTERDAM, 15 MARCH 2010
THE SUPERVISORY BOARD
ING Group Annual Report 2009 55