Board committees |
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Three committees have been set up within the Board of
Directors, i.e. a Nomination and Remuneration Committee,
a Risk and Capital Committee and an Audit Committee.
The sole function of these committees is to advise the
Board of Directors, which remains the only body with
decision-making powers. The committees are composed
entirely of independent non-executives. The role and
responsibilities of each committee, together with its
structure and organisation, are specified individually in the
Fortis Governance Statement.
Nomination & Remuneration Committee
The Nomination and Remuneration Committee advises the
Board of Directors on the appointment and reappointment
of members of the Board and executive management, on
remuneration policy and the remuneration of members of
the Board and the executive management, and on Fortis’s
employee and management stock and option plans.
Risk & Capital Committee
The Risk and Capital Committee assists the Board of
Directors in three ways:
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In understanding Fortis’s exposure to risks inherent to
banking and insurance activities;
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In overseeing the proper management of these risks;
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In ensuring the adequacy of Fortis’s capital relative to
these risks and to those inherent in its overall operations.
Audit Committee
The Audit Committee helps the Board of Directors fulfil its
supervision and monitoring duties in the area of internal
control in the broadest sense within Fortis. That includes
internal control over financial reporting.
Attendance at director's meetings
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Board of Directors |
Nomination and Remuneration Committee |
Audit Committee |
Risk and Capital Committee |
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Total |
Regular meetings |
Additional meetings |
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Total |
Regular meetings |
Additional meetings |
|
Maurice Lippens |
21/21 |
8/8 |
13/13 |
6/6 |
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Jan-Michiel Hessels |
16/21 |
7/8 |
9/13 |
1/1 |
|
8/8 |
4/4 |
4/4 |
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Jean-Paul Votron |
21/21 |
8/8 |
13/13 |
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Herman Verwilst
(as from 23 May) |
8/9 |
4/4 |
4/5 |
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Philippe Bodson |
16/21 |
7/8 |
9/13 |
|
4/4 |
1/1 |
|
1/1 |
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Richard Delbridge |
17/21 |
8/8 |
9/13 |
|
5/5 |
|
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Clara Furse |
14/21 |
5/8 |
9/13 |
|
|
8/9 |
3/4 |
5/5 |
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Reiner Hagemann |
18/21 |
8/8 |
10/13 |
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5/5 |
|
|
|
|
Jacques Manardo |
17/21 |
7/8 |
10/13 |
5/6 |
|
|
|
|
|
Aloïs Michielsen |
19/21 |
8/8 |
11/13 |
|
|
8/9 |
4/4 |
4/5 |
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Ronald Sandler |
13/21 |
8/8 |
5/13 |
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5/5 |
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Jan Slechte
(until 23 May) |
12/12 |
4/4 |
8/8 |
3/3 |
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Rana Talwar |
15/21 |
6/8 |
9/13 |
5/6 |
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Piet Van Waeyenberge |
18/21 |
7/8 |
11/13 |
|
|
9/9 |
4/4 |
5/5 |
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Klaas Westdijk |
18/21 |
8/8 |
10/13 |
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5/5 |
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About Fortis
More on the issues dealt with in 2007 in the