Supervisory Board
Important opinion
The Supervisory Board’s opinion is important. After all, it is responsible for internally supervising the pension fund.
The Supervisory Board has established that the fund performed its activities appropriately
In the summary of its opinion, as set out in the annual report, the Supervisory Board also confirms that it experiences an open and communicative culture. It has been engaged in positive discussions about the future of the fund and an extensive risk analysis has been completed. The future level of contributions and associated scheme will be determined during 2020. To this end, the Supervisory Board has identified additional priorities.
Board’s response The board has included the Supervisory Board’s priorities and other recommendations in the 2020 annual plan and periodically informs Supervisory Board of progress. And the board, of course, thanks the Supervisory Board for its efforts over the past period.
Who sits on the Supervisory Board? Theo Camps, Jac Kragt, and Mila Hoekstra sit on TNO Pension Fund’s Supervisory Board. Since they took up office in mid-2018, they have not been in this role very long. Before this, we had the on-site review committee until it was legally stipulated that company pension funds with assets under management (AUM) of more than €1 billion must establish a Supervisory Board. The introduction of the Supervisory Board has been accompanied by a more intensive review of our policy and general administrative affairs. Because our AUM figure is so high, this is a valuable development.
Supervisory Board’s opinion
You can read the full text of the Supervisory Board’s summary opinion and the board’s response in the annual report.