o www.ahold.com/reports2009
Supervisory Board report - continued
Conclusion
Governance
Pensions;
Guarantees;
Enterprise risk management;
Insurance;
Appointment of the external auditor.
The Audit Committee also held private individual meetings with the Chief Executive Officer,
Chief Financial Officer, Chief Internal Audit Officer and external auditor.
The Audit Committee and Supervisory Board assessed the independence and
performance of the external auditor in the different capacities in which it acts. The Audit
Committee pre-approved the fees for audit and permitted non-audit services to be
performed by external auditors as negotiated by the Corporate Executive Board. The Audit
Committee and the external auditor reviewed the internal audit plan. The Audit Committee
also reviewed its own functioning as well as that of its individual members.
The Supervisory Board has determined that Tom de Swaan and Stephanie Shern are
"Audit Committee Financial Experts" within the meaning of the Dutch Corporate
Governance Code.
Selection and Appointment Committee
In 2009, the Selection and Appointment Committee held four meetings. Its main focus
was the selection of an additional member of the Corporate Executive Board. It was also
involved in the organizational changes and the change of the management at Ahold
Europe and Ahold USA, and discussed overall succession and management development
at Ahold.
Remuneration Committee
In 2009, the Remuneration Committee held three meetings in person and one conference
call. The Chief Executive Officer was invited to most of these meetings. For a report on
remuneration and the activities of the Remuneration Committee, see the "Remuneration"
section of this Annual Report.
The Supervisory Board would like to thank Ahold's shareholders for the trust they have
put in the Company and its management. The Supervisory Board also wishes to express
its appreciation for the continued dedication and efforts of the Corporate Executive Board
and all Ahold's employees.
Supervisory Board
Amsterdam, the Netherlands
March 3, 2010
