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
In 2023, the Supervisory Board met five times. One of those meetings involved a strategy and budget discussion in conference with the entire Executive Board. Throughout the year, the Supervisory Board received updates on the core subjects of balance sheet trends, cash flow, results and strategy. During 2023, we held specific discussions about budget, investments and refinancing, human resources, the Maykers platform, IT strategy, and succession management. These discussions were open and constructive, 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.
On behalf of the Supervisory Board, I would like to thank every Kramp employee for their hard work and contribution to a positive result in 2023. Together, we can face future challenges and grow further.
Rutger Ruigrok
Chairman of the Supervisory Board of Kramp Groep B.V.
