Annual Report 2008
TenneT
- Corporate Governance Code
- Board of Management
- Supervisory Board
- General Meeting of Shareholders
- External auditor
- Core values: quality and integrity
- Regulatory framework
- Internal control and risk management
- Planning and control cycle
- Financial reporting
- Deviations from the Corporate Governance Code
Corporate GovernanceBoard of ManagementTenneT's Board of Management has four members. Mr J.M. Kroon MBA is TenneT's Chief Executive Officer and Chairman of the Board of Management (registered director). Mr B.G.M. Voorhorst MBA was appointed as Chief Operating Officer (registered director) on 1 December 2007, and Mr W.A. Keus was appointed as Chief Financial Officer (registered director) on 1 February 2008. Mr A.A. Hartman was appointed as Director of Corporate Development (titular director) on 1 January 2008.
The company operates in accordance with the 'four eyes principle', whereby two board members have joint authority to represent the company. To safeguard continuity within the company, each board member also holds individual power of attorney.
The Board of Management is responsible for the general policy and strategy of TenneT Holding B.V. Its remit therefore includes regulated as well as unregulated activities. The Board of Management determines the extent to which the activities of unregulated companies are consistent with and contribute to the policy and strategy of the TenneT Group as a whole.
The Board of Management of TenneT TSO B.V. is responsible for general policy and grid administration strategy, including administration of the national high-voltage grid and discharging the company's statutory tasks. TenneT's organisational structure can be viewed here.
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