The Supervisory Board is an independent corporate body responsible for supervising and advising Ahold’s Corporate Executive Board and overseeing the general course of affairs and Company strategy.
The Supervisory Board is guided in its duties by Ahold’s interests, taking into consideration the overall good of the enterprise and the relevant interests of all its stakeholders.
Composition of the Supervisory Board
Ahold’s Supervisory Board determines the number of its members. The Supervisory Board profile is published on Ahold’s public website (www.ahold.com). The composition of the Supervisory Board should match this profile in terms of combined experience and expertise, independence and variety of ages and genders. The Supervisory Board Charter states that if a member is concurrently a member of another company’s Supervisory Board, the main duties arising from and / or the number and nature of any other supervisory board memberships must not conflict or interfere with that person’s duties as a member of Ahold’s Supervisory Board. On April 23, 2008, the General Meeting of Shareholders appointed Mark McGrath to the Supervisory Board.
The Supervisory Board is of the opinion that its composition is currently in accordance with the profile, although it believes an active member of management of an internationally operating company would be a welcome addition.
On November 17, 2008, the nomination of Ben Noteboom for appointment to Ahold’s Supervisory Board was announced. His nomination will be on the agenda of the Annual General Meeting of Shareholders scheduled for April 28, 2009. The present terms of Derk Doijer and Stephanie Shern are due to expire in 2009. After assessing the memberships of Stephanie and Derk, and taking into account the board’s profile and that they are both available for a new term, the Supervisory Board recommends their reappointment to the General Meeting of Shareholders.