Supervisory and advisory role

The role of the Supervisory Board is to monitor the policy of the Executive Board and the general affairs of Kramp. We focus on a number of different aspects, including the effectiveness of internal risk management and control systems, as well as the integrity and quality of financial reporting.

Meetings of the Supervisory Board

The Supervisory Board was regularly informed about the following topics: strategy, interim results, balance sheet trends and cash flow. In addition, in 2021 we specifically discussed Maykers, partnerships, investments, budget, human resources, internal risk management and refinancing.

During discussions with the Executive Board, the main topics were the composition of the Executive Board, functional strategies, cost awareness and vacancies for senior management and other relevant positions. Discussions on these issues were always open and constructive.

Functioning and evaluation of the Supervisory Board

The Supervisory Board evaluates its own performance and the performance of its members at least once a year. The Supervisory Board endorses the principle that the composition of the Board should be such that the members are able to take a critical stance and act independently with regard to each other, the Executive Board and any specific interests. With the current composition, the Supervisory Board believes that the knowledge, experience and competences of the members are appropriate.

I would like to thank all of the employees at Kramp for their hard work and dedication, which has led to the wonderful result in 2021. Let's move forward into 2022 and beyond.  

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

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