The daily management and strategic development of Triodos Bank N.V. (hereafter Triodos Bank) lies with the Executive Board. The Executive Board is formally responsible for the management of Triodos Bank and the members are appointed by the Supervisory Board.
The Supervisory Board supervises and has oversight of the activities and the decisions of the Executive Board and the general affairs of the company and its affiliated enterprise.
New members of the Supervisory Board are appointed by the Annual General Meeting, based on recommendations from the Supervisory Board. With regard to one-third of the number of its members, the Supervisory Board nominates a person recommended by the Works Council.
SAAT – Foundation for the Administration of Triodos Bank Shares
Triodos Bank believes it is crucial that its mission and identity are protected. As a result, 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 to institutions. These Depository Receipts embody the economic aspects of the shares of Triodos Bank N.V. In addition, SAAT exercises the voting rights for the Triodos Bank N.V. shares. The Board of SAAT’s voting decisions are guided by the bank’s ethical goals 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 maintained its own platform for trading in Depository Receipts. For more information on the current suspension of trade in Depository Receipts, please refer to the chapter 2022 – Being a frontrunner in a year of polycrisis .
More information about Triodos Bank’s Boards is available at www.triodos.com and in the biographies in the appendix of the audited, English language version of the Annual Report.