60
Attendance, independence
Ahold
Annual Report 2011
Groupata glance
Performance
(Governance
Financials
Investors
Supervisory Board report continued
During 2011the Supervisory Board reviewed matters related to all aspects of Ahold's activities,
results, strategies, and management, but focused specifically on two important areas:
Decisions on nominations for appointments to the Corporate Executive Board with the
assistance of the Selection and Appointment Committee
The Company's long-term strategy with particular emphasis on strategic growth options
With the assistance of the Audit Committee, the Supervisory Board:
Reviewed the financial reporting process and, in particular, quarterly interim reports and
the 2010 Annual Report
Reviewed reports related to the enterprise risk management of the Group
Reviewed updates on projects in the field of mergers and acquisitions
Reviewed the reports by the internal and the external auditor
Approved the proposal for the nomination of the external auditor
Reviewed long-term business plan and finance plan
Reviewed and approved the annual budget
Reviewed updates on the functioning of IT systems and the implementation of improvements,
where necessary
Regularly reviewed the European and U.S. businesses
Reviewed Company strategy as part of the annual strategic planning cycle, including specific
reviews of several strategic growth options
Reviewed Ahold's corporate responsibility strategy and initiatives and the 2010 Corporate
Responsibility Report
Reviewed regular updates on major legal proceedings with potential impact on Ahold
Reviewed reports of the various committees of the Supervisory Board
Regularly assessed the functioning of the Corporate Executive Board
Regularly assessed organizational strategy, talent management, and succession planning
No Supervisory Board member was frequently absent from the meetings held in 2011. The
Supervisory Board confirms that as of February 29, 2012, all Supervisory Board members are
independent within the meaning of provision III.2.2 of the Dutch Corporate Governance Code.
