TomTom 2005 Annual Report Download - page 34

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34
The฀Supervisory฀Board฀appoints฀a฀Chairman฀and฀a฀Deputy
Chairman฀from฀amongst฀its฀members.฀The฀General฀
Meeting฀of฀Shareholders฀may฀suspend฀Supervisory฀
Board฀members฀at฀any฀time.฀A฀resolution฀of฀the฀General฀
Meeting฀of฀Shareholders฀to฀suspend฀or฀dismiss฀
members฀of฀the฀Supervisory฀Board฀requires฀a฀majority฀of฀
at฀least฀two-thirds฀of฀the฀votes฀cast฀representing฀more฀
than฀50%฀of฀our฀issued฀share฀capital.
The฀General฀Meeting฀of฀Shareholders฀appoints฀the฀
members฀of฀the฀Supervisory฀Board,฀subject฀to฀the฀right฀
of฀the฀Supervisory฀Board฀to฀make฀a฀binding฀nomination.฀
The฀General฀Meeting฀of฀Shareholders฀may฀at฀all฀times,฀by฀
a฀resolution฀passed฀with฀a฀majority฀of฀at฀least฀two-thirds฀
of฀the฀votes฀cast฀representing฀more฀than฀50%฀of฀our฀
issued฀share฀capital,฀resolve฀that฀the฀nomination฀
submitted฀by฀the฀Supervisory฀Board฀is฀not฀binding.฀In฀such
case,฀the฀General฀Meeting฀of฀Shareholders฀may฀appoint฀
a฀member฀of฀the฀Supervisory฀Board฀in฀contravention฀of฀
the฀Supervisory฀Board’s฀nomination฀by฀a฀resolution฀passed
with฀a฀majority฀of฀at฀least฀two-thirds฀of฀the฀votes฀cast฀
representing฀more฀than฀50%฀of฀our฀issued฀share฀capital.
Remuneration
The฀remuneration฀of฀the฀members฀of฀the฀Supervisory฀
Board฀is฀determined฀by฀the฀General฀Meeting฀of฀
Shareholders.฀Members฀of฀the฀Supervisory฀Board฀are฀
not฀authorised฀to฀receive฀any฀payments฀under฀our฀pension,
bonus฀scheme฀or฀option฀plans.
For฀detailed฀information฀about฀the฀individual฀remuneration
of฀members฀of฀the฀Supervisory฀Board฀see฀the฀notes฀to฀
the฀financial฀statements฀of฀TomTom฀NV฀included฀in฀this฀
annual฀report.
Conflict฀of฀interest
Members฀of฀the฀Supervisory฀Board฀must฀report฀and฀
provide฀all฀relevant฀information฀regarding฀any฀(potential)฀
conflict฀of฀interest฀to฀the฀Chairman฀of฀the฀Supervisory฀
Board฀or฀in฀case฀of฀a฀conflict฀of฀interest฀of฀the฀Chairman฀
of฀the฀Supervisory฀Board฀to฀the฀Deputy฀Chairman฀of฀the฀
Supervisory฀Board.฀The฀Supervisory฀Board฀shall฀decide,฀
without฀the฀member฀of฀the฀Supervisory฀Board฀being฀
present,฀whether฀there฀is฀a฀conflict฀of฀interest.฀
Rotation฀schedule
On฀13฀February฀2006,฀the฀Supervisory฀Board฀adopted฀the฀following฀Rotation฀Schedule:
Name฀ Date฀of฀first฀appointment฀ End฀of฀first฀term฀ Date฀of฀possible฀reappointment
Doug฀Dunn฀ 13฀May฀2005฀ Date฀of฀AGM฀2007฀ Date฀of฀AGM฀2007
Guy฀Demuynck฀ 13฀May฀2005฀ Date฀of฀AGM฀2008฀ Date฀of฀AGM฀2008
Andrew฀Browne฀ 13฀May฀2005฀ Date฀of฀AGM฀2009฀ Date฀of฀AGM฀2009