Committees and Working Groups
The decision-making of the General board is prepared by five committees and two working groups:
Investment committee
The Investment Committee deals with current and material corporate governance and sustainability issues of individual Dutch listed companies. If there are flagrant violations of accepted corporate governance and sustainability standards at these companies, this committee determines whether a so-called alert should be sent to the members of Eumedion and to the proxy voting service providers. In addition, the members of this committee are closely involved in the dialogues with Dutch listed companies and the shareholders meetings’ of those companies. The Investment committee also takes the lead in drafting the annual evaluation report of the shareholders' meeting and annual reports season and the focus letter.
The Investment committee consists of:
Legal committee
The Legal committee deals with the policy aspects of corporate governance and sustainability. This committee monitors the relevant legal developments in these fields and takes the lead in drafting comments on relevant consultation documents and legislative initiatives. In addition, the Legal committee drafts position papers and maintains contacts with relevant policy makers, members of parliament and branch organisations.
The Legal committee consists of:
Reporting and Audit committee
The Reporting and Audit committee deals with the quality of financial and non-financial reporting of listed companies and the role of the auditor in this respect. This committee monitors the relevant developments in this field and takes the lead in drafting comments on relevant consultation documents. In addition, the Reporting and Audit committee drafts position papers and maintains contacts with relevant policy makers, audit firms, members of parliament, branch organisations, supervisors and (inter) national standard setters for reporting and audit standards (such as the IASB, EFRAG, the Dutch Accounting Standards Board, the Royal Netherlands Institute of Chartered Accountants and the IAASB). The committee also functions as a sounding board for the Eumedion representatives in the advisory bodies of EFRAG, the AFM, ESMA and the Dutch Accounting Standards Board.
The Reporting and Audit committee consists of:
Research committee
The Research committee deals with the research agenda of Eumedion. The committee assesses whether there are topics that are suitable for fundamental research in the field of corporate governance and sustainability and drafts terms of reference for research projects. In addition, the Research committee monitors current research projects, maintains contacts with relevant research institutions and is involved in the preparation of the annual Eumedion symposium.
The Research committee consists of:
Public Relations commissie
The Public Relations committee advises on the internal and external communication of Eumedion. This committee assesses whether certain Eumedion positions are suitable for generating media attention. In addition, the Public Relations committee advises on (the execution of) the communication and media policy of Eumedion and supports the Executive Director of Eumedion in his contacts with the press. This committee is also actively involved in the final editing of external publications, such as the annual reports, policy plans and press releases of Eumedion.
The Public Relations committee consists of:
Executive Remuneration Working Group
The Executive Remuneration Working Group deals with the Eumedion principles for sound remuneration policy for members of the management board of Dutch listed companies. At the end of the annual shareholders' meeting season, this Working Group checks whether the principles are still suitable and up-to-date and assesses whether there have been any problems with the application of them. If necessary, the Executive Remuneration Working Group suggests proposals to amend the principles.
The Executive Remuneration Working Group consists of:
Working Group Dutch Stewardship Code
The Working Group Dutch Stewardship Code deals with the Dutch Stewardship Code established by Eumedion in 2018. Yearly this Working Group checkswhether the Stewardship Code is still suitable and up-to-date and assesses whether there have been any problems with the application of it. If necessary, the Working Group Dutch Stewardship Code suggests proposals to amend the Stewardship Code.
The Working Group Dutch Stewardship Code consists of: