The Supervisory Board of Royal Schiphol Group has four permanent committees: the Audit Committee, the Selection & Appointments Committee, the Remuneration Committee and the Sustainability and Safety Committee. The committees meet independently and carry out preparatory work in a number of subareas for the Supervisory Board as a whole.
The Audit Committee's tasks include monitoring the internal risk management and control systems, the annual and half-year financial reports and financing. Areas such as tax planning, insurance policies and pensions are also in this committee’s portfolio.
Selection & Appointments Committee
The Selection & Appointments Committee carries out preparatory activities connected to procedures for the appointment of Supervisory Board and Management Board members, including drawing up selection criteria.
The Remuneration Committee is responsible for the remuneration policy and the remuneration of members of the Management Board. It also prepares the Remuneration Report, carries out periodic performance assessments of individual Management Board members and reports its findings to the Supervisory Board.
Public Affairs & Corporate Responsibility Committee
The Public Affairs & Corporate Responsibility Committee has a dual task. On the one hand it advises the Management Board and Supervisory Board as regards relationships with shareholders and communication strategy (public affairs). And on the other it plays an important role in defining the social aspects of Royal Schiphol Group’s entrepreneurial activities.
Each of these committees is subject to a regulatory code, published on www.schiphol.nl under ‘Investor Relations’. The committees report on the outcome of their meetings in a Supervisory Board meeting. The Supervisory Board as a whole takes decisions based on these reports.