Triodos Bank is a European bank with banking activities in the Netherlands (Driebergen), Belgium (Brussels), the United Kingdom (Bristol), Spain (Madrid), Germany (Frankfurt)). The statutory seat is in Zeist, the Netherlands.

Foundation for the Administration of Triodos Bank Shares (SAAT)

Triodos Bank believes it is crucial that its mission and identity is protected. For that reason, all Triodos Bank’s shares are held in trust by SAAT, the Foundation for the Administration of Triodos Bank Shares. SAAT then issues Depository Receipts for Triodos Bank shares to the public and institutions. These Depository Receipts embody the economic aspects of the shares of Triodos Bank. SAAT exercises the voting rights attached to the Triodos Bank shares. The Board of SAAT’s voting decisions are guided by Triodos Bank’s object and mission, its business interests, and the interests of the Depository Receipt holders. Triodos Bank Depository Receipts are not listed on any stock exchange. Instead, Triodos Bank maintains its own platform for trading in Depository Receipts.

Depository Receipt holders

Depository Receipt holders are entitled to vote at the (annual) meeting of Depository Receipt holders. Each Depository Receipt holder is limited to a maximum of 1,000 votes. The (annual) meeting of Depository Receipt holders appoints the members of the Board of SAAT, based on the Board’s nomination. These nominations must be approved by Triodos Bank’s Executive Board, whose decision needs prior approval of the Supervisory Board. No Depository Receipt holder may hold more than 10% of all issued Depository Receipts.

Triodos Bank Supervisory Board

The Supervisory Board should supervise the activities and the decisions of the Executive Board and the general affairs of the company and its affiliated enterprise. Members of the Supervisory Board are appointed and reappointed by the General Meeting of Triodos Bank, based on a recommendation from the Supervisory Board. Following the enhanced recommendation right, the Dutch Works Council may recommend candidates to the Supervisory Board to be nominated as members of the Supervisory Board. This applies to one-third of the members of the Supervisory Board.

Triodos Bank’s Executive Board

The members of the Executive Board have a shared overall responsibility for the management of Triodos Bank. The Executive Board members have a leadership role in strategic development, alignment and ensuring the delivery of the organisation’s goals. They are accountable to the Supervisory Board who appoints and reappoints the members of the Executive Board. All Board member biographies are available in Appendix II – Executive Board, Supervisory Board and Board of SAAT biographies .