Supervisory and advisory role

The role of the Supervisory Board is to advise the Executive Board and to monitor good business conduct. Members of the Supervisory Board keep a watchful eye on the general affairs of Kramp, including the effectiveness of internal risk management and control systems, and the quality and integrity of its financial reporting.

Meetings of the Supervisory Board

The Supervisory Board meets a number of times every year, according to a schedule agreed with the Executive Board. One of these meetings involves a strategy and budget discussion in conference with the entire Executive Board. We met five times in 2022.

Throughout the year, the Supervisory Board received updates on the core subjects of balance sheet trends, cash flow, results and strategy. During 2022 we held specific discussions about budget, investments and refinancing, human resources, the Maykers platform, IT strategy, and succession management. These discussions are very open and were attended by a variety of Kramp managers.

Functioning and evaluation of the Supervisory Board

It is our firm belief that members of the Supervisory Board must be able to take a critical stance and act independently with regard to each other, the Executive Board and any vested interests. We evaluate our collective performance and the performance of fellow Supervisory Board members at least once a year. We are confident that the selected members offer an appropriate depth and breadth of knowledge, experience and competences for the vital role the Supervisory Board performs.

My colleagues on the Supervisory Board and I take this opportunity to thank every Kramp employee for their determination and dedication in 2022. Once again, they have delivered a positive result, in a year of challenges beyond our control. With their continued support, together we are shaping a fine future for our company.

Rutger Ruigrok
Chairman of the Supervisory Board of Kramp Groep B.V.

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