NL
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.
The Supervisory Board meets each year, according to a schedule agrees with the Executive Board. Once a year, we discuss strategy and the budget at a meeting attended by the entire Executive Board.
We met a total of five times in 2021: once in a digital environment, three times in Varsseveld and once at the office of our Supervisory Board member Frederik Nieuwenhuys (co-founder of online supermarket Picnic) in Utrecht. We were, unfortunately, unable to visit any of our locations outside the Netherlands during the year due to the COVID-19 pandemic.
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.
Johan Lokhorst’s term came to a close as Chairman of the Supervisory Board during the General Meeting of Shareholders, effective from 15 April 2021. He was thanked for his valuable input and feedback. Rutger Ruigrok, Managing Director at shareholder NPM Capital and a member of the Supervisory Board of Kramp since 2020, has been elected as the new chairman.
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.
