Internal evaluation

In 2011, the Supervisory Board performed the customary annual internal evaluation of its performance. The assessment found that the composition, meeting preparation and style of meetings were all satisfactory and no fundamental changes were necessary.

The Supervisory Board analyzed the results of its internal evaluation against its competencies, to ensure it contained the required range of knowledge and skill sets.

As a result of the internal evaluation, the Supervisory Board decided to make some adjustments to its lifelong learning program, placing more emphasis on knowledge of financial and risk management, as well as deepening the Supervisory Board's relationships with stakeholders.

The decision was also taken to conduct these yearly evaluations together with an external party as of 2012, in order to deepen and better structure the exercise.