Composition of the executive and supervisory board

The members of BinckBank’s executive board and supervisory board are appointed by the general meeting on the basis of a non-binding nomination of the prioriteit.

During the annual general meeting of 2009, Mr T.C.V. Schaap (co-founder of BinckBank) stepped down as a member of the executive board of BinckBank and Mr K.N. Beentjes was appointed member of the executive board. The executive board of BinckBank currently consists of Messrs Beentjes, Kooistra, Aartsen and Bortot. The personal details of the executive board members can be found under CVs of executive board members.

During the 2009 annual general meeting, Mr J.K. Brouwer was re-appointed as member of the supervisory board. During the next general meeting of 2010, Mr A.M. van Westerloo will offer himself for re-election as member of the supervisory board of BinckBank. Assuming the re-appointment of Mr Van Westerloo, the supervisory board will consist of Messrs C.J.M. Scholtes, J.K. Brouwer, A.M. van Westerloo and L. Deuzeman. Information on the members of the supervisory board as referred to in best practice provision III.1.3 of the Code can be found under CVs of supervisory board members.

The composition of the supervisory board is such that the members, in relation to each other, the executive board or to any other particular interest, can operate independently within the framework of the supervisory board profile. The supervisory board believes that the independence criteria referred to in best practice provision III.2.1 of the Code have been met.

The members of the supervisory board attended nearly all meetings. Reasons for absence must be limited to circumstances beyond one’s control. The level of availability of the members of the executive and supervisory board for interim consultations was high and as such illustrative of their commitment to the company.