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.
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.
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.