The Oranjewoud nv Supervisory Board is responsible for solving any conflicts of interest between the company on the one hand and the Executive Board, Oranjewoud nv Supervisory Board, the Group Management Board and the external auditor on the other hand. All decisions to enter into transactions entailing potential conflicts of interest for any member of the Group Management Board or Supervisory Board that are of material significance to the company and/or member of the Group Management Board in question require the approval of the Supervisory Board.
Members of the Group Management Board are required to notify the shareholder and the Chairman of the Supervisory Board immediately (and the other members of the Group Management Board, if a member of that board is concerned) of any actual or potential conflict of interest of significance to the company and/or themselves and must then provide all relevant information.
At present there are only limited transactions with the shareholder and these are conducted in line with market practice.
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