The General Meeting of Shareholders held in 2010 discussed the way in which Macintosh complies with the Dutch Corporate Governance Code. Macintosh interprets three of the provisions differently:
II.1.1: The employment contract with one of the current members of the Managing Board (COO) has been concluded for an indefinite period of time instead of consecutive four-year periods.
II.2.8: The employment contract with one of the current members of the Managing Board (COO) does not include a cap on the maximum severance pay in the event of dismissal.
III.5.11: One of the Supervisory Board members has been appointed Chairman of the Remuneration and Appointment Committee owing to his professional background, even though he is an executive director of another listed company.
Macintosh complies fully with the Code on the basis of the “comply or explain” principle.
The Managing Board and the Supervisory Board will continue to take responsibility for corporate governance at Macintosh. Any major changes to its structure and to compliance with the Code will be submitted for discussion to the General Meeting of Shareholders as separate agenda items.
Macintosh’s corporate governance structure, including the performance of the General Meeting of Shareholders and its principal powers, the rules for appointing and replacing members of the Managing Board and Supervisory Board, the rules for amending the Articles of Association and the powers granted in the event of the issue or repurchase of shares, as well as a description of how Macintosh complies with the Corporate Governance Code, are set out in detail on this website.
An overview of the manner in which Macintosh Retail Group complies with specific provisions of the Corporate Governance Code is published in the document you can find by clicking here.
If you have any questions or comments on the corporate governance policy of Macintosh Retail Group, please contact the Company Secretary, Mr P.T.A. Hünen, on +31 (0)43 3280728 or by email: firstname.lastname@example.org.
The Company Secretary is also the Compliance Officer.