Atradius uses a structured system of checks and balances (as outlined below) to ensure the regulation of the relationships between its shareholders, Supervisory Board, Management Board and internal and external auditors. Atradius will continue to focus on corporate governance, as the Atradius Group of companies develops and the business world changes.
Atradius Management Board
The Management Board, which meets twice a month and more often when necessary, is responsible for the day-to-day business and strategy of Atradius. Its members have collective responsibility for all decisions made by the Management Board, but each board member has designated management responsibilities for specific areas of Atradius. The Chairman of the Management Board is the primary liaison with the Supervisory Board and its Chairman.
Members of the Management Board are appointed by the shareholders upon recommendation of the Executive Committee, a sub-committee of the Supervisory Board.
Chairman, Chief Executive Officer and Chief Market Officer
Chris van Lint
Chief Financial and Risk Officer (CFO & CRO)
Chief Market Officer
Chief Market Officer
On 1 January 2011, the Governance Principles published by the Dutch Association of Insurers took effect as a form of self-regulation. They describe certain conduct of business principles regarding corporate governance, risk management, audit and remuneration. The Governance Principles have been applied at the level of Atradius N.V. and are updated annually. For more information, see www.atradius.com.
Atradius Supervisory Board
The Supervisory Board of Atradius N.V. currently consists of eight members.
Ignacio Álvarez (Chairman)
Francisco Arregui (Vice Chairman)
Paul-Henri Denieuil (Honorary Chairman)
Roles and procedures
The Supervisory Board supervises the Company’s general affairs and the policy pursued by the Management Board. The General Meeting of Shareholders has the authority to appoint the members of the Supervisory Board on recommendation of the Remuneration, Selection and Appointment of the Supervisory Board.
The Supervisory Board regulations describe the duties, the procedures and the committees of the Supervisory Board.
Committees of the Supervisory Board
The Supervisory Board has set up the following committees:
The Audit Committee supports the Supervisory Board in fulfilling its supervisory and monitoring duties with respect to the assurance of the integrity of the Company's financial statements, the external auditor's qualifications and the performance of internal and external auditors. The Audit Committee also facilitates the ongoing communication between the external auditor, the Management Board, the internal audit department and the Supervisory Board on issues concerning the Company's financial position and financial affairs.
Remuneration, Selection and Appointment Committee
The Remuneration, Selection and Appointment Committee supports the Supervisory Board in fulfilling its supervisory and monitoring duties with respoect to rproposals for the appointment of members of the Management Board and the Supervisory Board, the renumeration policy, the remuneration of senior management and other corporate governance matters.