Report Supervisory Board of 2008

The Report of the Supervisory Board for 2008 is published in the annual report. In order to read this document you can click here.

Further information on Kendrion N.V. Supervisory Board

Composition of Supervisory Board
Pursuant to the Articles of Association, the Supervisory Board must have at least three members. The Supervisory Board currently consists of three members, each satisfying the requirements of best-practice provision III.3.4 of the Dutch Corporate Governance Code (concerning the maximum number of other supervisory directorships held). Kendrion is complying with the rules concerning the independence of the Supervisory Board by Supervisory Directors.

Committees
In view of the size of the company and the composition of the Supervisory Board, the Board does not find it convenient to have specific committees such as an Audit and Remuneration Committee. Activities are performed jointly by the members of the Supervisory Board, with specific responsibilities allocated on the basis of individual expertise. Note that Mr De Bakker is the financial expert within the definition of the Corporate Governance Code.
The Corporate Governance Code’s provisions concerning conflict of interest are observed by both the Supervisory Board and the Executive Board. With regard to ownership of and transactions in company's securities, the applicable insider trading regulation provides sufficient guarantees, and there is a supplementary regulation covering transactions in other companies as mentioned in the addendum to the insider trading provisions & regulation, applicable to the members of the Executive and Supervisory Boards.