o www.ahold.com/reports2009 Corporate governance Ahold is committed to a corporate governance structure that best suits its business and stakeholders and that complies with relevant rules and regulations. This section contains an overview of Ahold's corporate governance structure and includes information required under the Dutch Corporate Governance Code. Governance structure Governance Koninklijke Ahold N.V. is a public company under Dutch law with a two-tier board structure. Ahold is managed by a Corporate Executive Board, which is supervised and advised by a Supervisory Board. The two boards are accountable to the General Meeting of Shareholders. The Company is structured to effectively execute its strategy and to balance local, continental and global decision-making. It is comprised of a Corporate Center and two continental platforms, Ahold Europe and Ahold USA, each of which contains a number of operating companies. The following diagram shows the governance structure of Ahold and its businesses. A list of subsidiaries, joint ventures and associates is included in Note 36 to the consolidated financial statements in this Annual Report. Ahold USA Ahold Europe Audit Committee General Meeting of Shareholders Supervisory Board Remuneration Committee Corporate Executive Board and Corporate Center Selection and Appointment Committee Ahold Annual Report 2009 37

Jaarverslagen | 2009 | | pagina 63