TomTom 2005 Annual Report Download - page 34
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TheSupervisoryBoardappointsaChairmanandaDeputy
Chairmanfromamongstitsmembers.TheGeneral
MeetingofShareholdersmaysuspendSupervisory
Boardmembersatanytime.AresolutionoftheGeneral
MeetingofShareholderstosuspendordismiss
membersoftheSupervisoryBoardrequiresamajorityof
atleasttwo-thirdsofthevotescastrepresentingmore
than50%ofourissuedsharecapital.
TheGeneralMeetingofShareholdersappointsthe
membersoftheSupervisoryBoard,subjecttotheright
oftheSupervisoryBoardtomakeabindingnomination.
TheGeneralMeetingofShareholdersmayatalltimes,by
aresolutionpassedwithamajorityofatleasttwo-thirds
ofthevotescastrepresentingmorethan50%ofour
issuedsharecapital,resolvethatthenomination
submittedbytheSupervisoryBoardisnotbinding.Insuch
case,theGeneralMeetingofShareholdersmayappoint
amemberoftheSupervisoryBoardincontraventionof
theSupervisoryBoard’snominationbyaresolutionpassed
withamajorityofatleasttwo-thirdsofthevotescast
representingmorethan50%ofourissuedsharecapital.
Remuneration
TheremunerationofthemembersoftheSupervisory
BoardisdeterminedbytheGeneralMeetingof
Shareholders.MembersoftheSupervisoryBoardare
notauthorisedtoreceiveanypaymentsunderourpension,
bonusschemeoroptionplans.
Fordetailedinformationabouttheindividualremuneration
ofmembersoftheSupervisoryBoardseethenotesto
thefinancialstatementsofTomTomNVincludedinthis
annualreport.
Conflictofinterest
MembersoftheSupervisoryBoardmustreportand
provideallrelevantinformationregardingany(potential)
conflictofinteresttotheChairmanoftheSupervisory
BoardorincaseofaconflictofinterestoftheChairman
oftheSupervisoryBoardtotheDeputyChairmanofthe
SupervisoryBoard.TheSupervisoryBoardshalldecide,
withoutthememberoftheSupervisoryBoardbeing
present,whetherthereisaconflictofinterest.
Rotationschedule
On13February2006,theSupervisoryBoardadoptedthefollowingRotationSchedule:
Name Dateoffirstappointment Endoffirstterm Dateofpossiblereappointment
DougDunn 13May2005 DateofAGM2007 DateofAGM2007
GuyDemuynck 13May2005 DateofAGM2008 DateofAGM2008
AndrewBrowne 13May2005 DateofAGM2009 DateofAGM2009