Ownership and Structure

BNG Bank is a statutory two-tier company under Dutch law (structuurvennootschap).

Half of the bank's share capital is held by the State of the Netherlands and the other half by municipal authorities, provincial authorities and a water board.

The composition of the Supervisory Board is based on a membership profile.

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Shareholders

BNG Bank's share ownership is restricted by its Articles of Association to the State of the Netherlands, provinces, municipalities, water boards and other public bodies.

Half of the bank's share capital is held by the State of the Netherlands and the other half by more than 95% of all the municipal authorities, 11 of the 12 provincial authorities and a water board.

Changes in the present stakeholder structure are not expected. The central government's 50% stake has been held since 1921. Strong commitment of the central government to its holding was evidenced by its participation in the most recent issue of shares in 1990 in order to maintain its 50% stake.

Supervisory Board

The role of a Supervisory Board in the Netherlands is an important one, combining the responsibilities of both operational supervision and strategic input.

The members of the Supervisory Board are appointed by the General Meeting of Shareholders on the nomination of the Supervisory Board.

The Supervisory Board aims at diversity in composition in terms of background and age.

At least three members of the Supervisory Board possess thorough knowledge of and experience with:
a.        finance and audit: financial information and external reporting, accounting policies, internal risk management and control systems, and internal and external auditing;
b.        risk management and compliance: the functioning of risk management and compliance, the management of various risks and risk areas in relation to each other and the way in which the company has set up its risk management and compliance function.

At least two members of the Supervisory Board possess thorough knowledge and experience with: HR and organization: remuneration policy, culture, mobility, performance management, change management, labor relations and the way in which a company has organized its HR policy and organization.

Each member of the Supervisory Board has experience in one of these two areas:
  • financial services, in particular banking experience; 
  • governments: (semi) government organizations, such as central government, provinces, municipalities and / or experience with sectors in the field of housing, care and / or education.
The Supervisory Board is composed in such a way that at least 30% of the members are women and at least 30% of the members are male.

 

Executive Board

The Executive Board is responsible for the management of BNG Bank's activities.
The members of the Executive Board are appointed and dismissed by the Supervisory Board.

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