Corporate Governance

Planning and control cycle

A new business plan is produced at regular intervals. The business plan covers a three-year period and is discussed and approved by the Supervisory Board. It is also discussed with the shareholder.

The TenneT annual plan is the plan for the coming fiscal year and, in conformity with the company's articles of association, includes an operating budget, financing plan and investment plan. The Supervisory Board approves the annual plan and authorises the Board of Management to carry it out. The annual plan comprises the plans of all group companies and, where TenneT TSO is concerned, comprises the plans of its constituent business units, shared service centres and staff departments.

The group companies, business units and departments report monthly on their fulfilment and performance of the annual plan. These reports cover both financial and operational results.