Today, Wavin - Jaarverslag.com

Wavin Annual Report 2010 | page 35Supervisory BoardThe duties of the Supervisory Board are to supervise the policies of the Management Board and theaffairs of the company and its affi liated enterprises. The Supervisory Board also assists the ManagementBoard by providing advice either at the request of the Management Board or on its own initiative.In performing its duties the Supervisory Board will be guided by the interests of the company and itsaffi liated enterprises, will take into account the relevant interests of the company’s stakeholders andwill use the fundamental principles of good entrepreneurship as a standard. The Supervisory Boardis responsible for the quality of its own performance. In addition, certain material decisions of theManagement Board, as specifi ed in the Articles of Association and the Rules for the ManagementBoard, are subject to prior approval by the Supervisory Board. Since 2004, the Supervisory Board hasoperated under its own regulations: the rules for the Supervisory Board. These regulations are availableon the corporate website.The Supervisory Board of Wavin N.V. consists of fi ve members (minimum: three) who are appointed bythe General Meeting of Shareholders for four years, after which he/she may be reappointed for twofurther periods of four years. The composition of the Supervisory Board did not change during the yearunder review.The table below shows the rotation schedule of the Supervisory Board members.NAME DATE OF FIRST APPOINTMENT CURRENT TERM ENDSMr. P.C. van den Hoek 11 May 1999 2011Mr. R.A. Ruijter 11 December 2007 2012Mr. B.G. Hill 13 September 2005 2013Mr. R.H.P.W. Kottman 12 October 2006 2014Mrs. B. Stymne Göransson 11 December 2007 2012Mr. P.C. van den Hoek has been the Chairman of the Supervisory Board since 1999. As his third term of4 years will end in 2011, he will no longer be available for reappointment. At the Annual General Meetingof Shareholders on 27 April 2011 the Supervisory Board will propose to appoint a new member of theSupervisory Board of Wavin for a period of 4 years.The Supervisory Board of Wavin, in accordance with clause 19.1 of the Articles of Association, hasresolved to appoint Mr. Kottman as the new chairman of the Supervisory Board as per 27 April 2011.Information regarding the Supervisory Board membersMr. P.C. (Paul) van den Hoek – Chairman (Dutch, 1939)Remuneration, Appointment & Corporate Governance Committee (Chairman)Previous position: senior partner at international law fi rm StibbeAppointed in 1999, current term ends in 2011Other Supervisory Board memberships: Chairman of the Supervisory Board of AON GroepNederland B.V.Mr. B.G. (Brian) Hill – Vice-Chairman (Irish, 1944)Audit & Investment Committee (Chairman)Previous Position: Group Managing Director, Products & Distribution CRH Plc.Appointed in 2005, re-appointed in 2009, current term ends in 2013Other Supervisory Board memberships: non-executive Director at Kingspan Plc.Mr. R.H.P.W. (René) Kottman (Dutch, 1945)Remuneration, Appointment & Corporate Governance CommitteePrevious position: Chief Executive Offi cer, Ballast Nedam N.V.Appointed in 2006, re-appointed in 2010, current term ends in 2014Other Supervisory Board memberships: Delta Lloyd N.V. (Chairman), Keyrail B.V. (Chairman),Warmtebedrijf Rotterdam N.V. (Chairman) and Altera Vastgoed B.V. (Chairman).Other Board memberships: MCA-Gemini Group Hospital (Chairman) (until 1 April 2011), De BaakManagement Centrum (until 1 April 2011), Advisory Board Noord/Zuidlijn Amsterdam (Chairman)