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REPORT OF THE SUPERVISORY BOARD
ANNUAL REPORT 2016 – BOSKALIS
22
The Supervisory Board wishes to thank all
employees and the Board of Management
of Boskalis for the great efforts they have
shown in 2016, especially considering the
current market conditions.
In accordance with Article 26 of the Articles of Association of Royal Boskalis
Westminster N.V., the Supervisory Board presents the 2016 annual report to
the Annual General Meeting of Shareholders. The annual report, including
the report of the Board of Management , the statement of directors’responsibilities an
d the financial statements,was drawn up by the Board of
Management. The financial statements are accompanied by the report of the
company’s external auditor Ernst & Young Accountants LLP, which is included
on pages 132 to 136 of this report.We recommend the following to the Annual General Meeting of Shareholders:
The adoption of the financial statements, including the appropriation of
profit or loss.
The discharge of the members of the Board of Management in respect
of their management activities during 2016.
The discharge of the members of the Supervisory Board for their
supervision of management during 2016.
The distribution to shareholders of a dividend of EUR 1.00 per ordinary
share to be paid in ordinary shares, unless the shareholder opts to receive
a cash dividend.
COMPOSITION OF THE BOARD OF MANAGEMENT
The Board of Management consisted of four members at the start of the 2016
reporting year. On 10 May 2016 Mr. Verhoeven has resigned his function as
member of the Board of Management due to retirement. From that date
onwards the Board of Management consists of three members. No further
changes to the composition of the Board of Management occurred during the
year under review.
COMPOSITION OF THE SUPERVISORY BOARD
At the start of 2016 the Supervisory Board consisted of six members. At the
Extraordinary General Meeting of Shareholders on 10 November 2016, the
Extraordinary General Meeting of Shareholders considered the appointment
of Ms. I. Haaijer on the recommendation of the Supervisory Board. Supported
by the Works Council, the Extraordinary General Meeting of Shareholders
appointed Ms. Haaijer as member of the Supervisory Board for a period of
four years. No further changes to the composition of the Supervisory Board
occurred during the year under review. As from 10 November 2016 the
Supervisory Board consists of seven members.
REPORT OF THE
SUPERVISORY BOARD