Corporate governance

Corporate governance

Draka Holding N.V. is a public limited liability company incorporated under the laws of the Netherlands with its registered office in Amsterdam, the Netherlands. Draka Holding has a two-tier management structure, with a Board of Management and a separate Supervisory Board. The Board of Management and Supervisory Board are independent of one another. Both bodies give account for the performance of their tasks to the General Meeting of Shareholders (hereinafter referred to as the ‘General Meeting’).

The Board of Management and the Supervisory Board endorse the principle embodied in the Dutch Corporate Governance Code (the ‘Code’) that the Company is a long-term form of collaboration between the various parties involved. They recognize their integral responsibility for correctly balancing all the interests concerned while safeguarding the continuity of the business. The aim of the Company is to create long-term shareholder value. Unless stated otherwise, Draka Holding complies with the Code’s best-practice provisions. Departures from those provisions are discussed in this chapter.

Any substantial changes in Draka Holding’s corporate governance structure or in the manner in which Draka Holding complies with this Code will be presented to the General Meeting for discussion under a separate agenda item.