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Supervisory Board report (continued)
Ahold at a glance
Business review
Governance
Selection and Appointment Committee
In 2014, the Selection and Appointment Committee
held four meetings, all of which the Chief Executive
Officer was invited to attend. The Committee's
main areas of focus were long-term succession
planning for the Supervisory Board and management
development. It was also involved in organizational
and management changes at Ahold Netherlands
and Ahold USA and discussed overall succession
and management development processes at
Ahold. During one of its meetings, the Selection
and Appointment Committee evaluated its own
functioning and concluded that its composition and
activities are satisfactory and adequately serve the
Company's needs.
Remuneration Committee
The main responsibilities of the Remuneration
Committee include:
a Preparing proposals for the Supervisory Board
on the remuneration policy for the Management
Board, to be adopted by the General Meeting
of Shareholders
a Preparing proposals on the remuneration of
individual members of the Management Board
a Advising on the level and structure of
compensation for senior personnel other than
members of the Management Board
In 2014, the Remuneration Committee held three
meetings, all of which the Chief Executive Officer
was invited to attend. For more information on the
remuneration policy, see Remuneration. During one
of its meetings, the Remuneration Committee
evaluated its own functioning and concluded that
its composition and activities are satisfactory and
adequately serve the Company's needs.
Conclusion
The Supervisory Board is of the opinion that during
the year 2014, its composition, mix and depth of
available expertise; working processes; level and
frequency of engagement in all critical Company
activities; and access to all necessary and relevant
information and the Company's management and
staff were satisfactory and enabled it to carry out
its duties towards all the Company's stakeholders.
The Supervisory Board would like to thank Sander
van der Laan and Lodewijk Hijmans van den Bergh
for their highly valued contributions to the Company,
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 Management
Board and all Ahold's associates.
Supervisory Board
Zaandam, the Netherlands
February 25, 2015
Ahold
Annual Report 2014