TomTom 2005 Annual Report Download - page 33

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may฀appoint฀members฀of฀the฀Management฀Board฀with฀a฀
majority฀of฀at฀least฀two-thirds฀of฀the฀votes฀cast฀
representing฀more฀than฀50%฀of฀our฀issued฀share฀capital.
Members฀of฀the฀Management฀Board
Currently฀the฀Management฀Board฀consists฀of:
Harold฀Goddijn,฀CEO
Marina฀Wyatt,฀CFO
Alexander฀Ribbink,฀COO
Further฀details฀about฀the฀members฀of฀the฀Management฀
Board฀and฀their฀biographies฀can฀be฀found฀in฀the฀
Management฀Board฀Report.
Senior฀management
Our฀Management฀Board฀is฀supported฀by฀our฀senior฀
management฀team.฀The฀senior฀management฀team฀consists฀of:
Corinne฀Goddijn-Vigreux,฀Sales฀Director
Peter-Frans฀Pauwels,฀Chief฀Technical฀Officer
Pieter฀Geelen,฀Technical฀Development฀Director
Mark฀Gretton,฀Development฀Director
Harry฀van฀de฀Kraats,฀Human฀Resources฀Director
Remuneration
The฀Supervisory฀Board฀establishes฀the฀remuneration฀of฀
the฀individual฀members฀of฀the฀Management฀Board,฀in฀
accordance฀with฀the฀Management฀Board฀remuneration฀
policy฀to฀be฀adopted฀by฀the฀General฀Meeting฀of฀
Shareholders.฀The฀Supervisory฀Board฀presents฀to฀the฀
General฀Meeting฀of฀Shareholders฀for฀approval฀any฀scheme
providing฀for฀the฀remuneration฀of฀the฀members฀of฀the฀
Management฀Board฀in฀the฀form฀of฀shares฀or฀options.฀
For฀detailed฀information฀about฀the฀individual฀remuneration
of฀the฀members฀of฀the฀Management฀Board฀see฀the฀
notes฀included฀in฀the฀financial฀statements฀of฀TomTom฀NV฀
in฀this฀annual฀report.
Conflict฀of฀interest
Members฀of฀the฀Management฀Board฀must฀report฀and฀
provide฀all฀relevant฀information฀regarding฀any฀conflict฀of฀
interest฀or฀potential฀conflict฀of฀interest฀to฀the฀Chairman฀
of฀the฀Supervisory฀Board.฀The฀Supervisory฀Board฀shall฀
decide,฀without฀the฀member฀of฀the฀Management฀Board฀
being฀present,฀whether฀there฀is฀a฀conflict฀of฀interest.฀
Supervisory฀Board
General
The฀Supervisory฀Board฀is฀responsible฀for฀supervising฀the฀
conduct฀of฀the฀Management฀Board฀and฀the฀general฀
course฀of฀our฀business,฀as฀well฀as฀for฀providing฀advice฀to฀
the฀Management฀Board.฀In฀performing฀its฀duties,฀the฀
Supervisory฀Board฀is฀required฀to฀act฀in฀the฀interests฀of฀
the฀business฀as฀a฀whole.฀The฀Articles฀of฀Association฀
require฀certain฀decisions฀of฀the฀Management฀Board฀to฀be฀
approved฀by฀the฀Supervisory฀Board.฀These฀decisions฀
include฀the฀issue฀of฀shares฀or฀the฀granting฀of฀rights฀to฀
subscribe฀for฀shares฀and฀the฀exclusion฀of฀pre-emption฀
rights฀to฀the฀extent฀these฀rights฀are฀vested฀in฀the฀
Management฀Board,฀proposals฀to฀amend฀the฀Articles฀of฀
Association,฀proposals฀to฀merge฀or฀demerge,฀proposals฀
to฀dissolve฀the฀Company฀and฀proposals฀for฀capital฀
reductions.
Composition฀and฀appointment
The฀Articles฀of฀Association฀provide฀that฀the฀number฀of฀
members฀of฀the฀Supervisory฀Board฀will฀be฀at฀least฀three.฀
Each฀member฀of฀the฀Supervisory฀Board฀is฀appointed฀for฀a฀
maximum฀of฀four฀years,฀which฀can฀be฀renewed฀for฀two฀
additional฀periods฀of฀not฀more฀than฀four฀years฀at฀a฀time.฀
The฀members฀of฀the฀Supervisory฀Board฀retire฀periodically฀
in฀accordance฀with฀a฀rotation฀schedule.฀
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