Introduction
The Dutch Corporate Governance Code is designed to promote more efficient supervision of the Management Board (the 'checks') and a more balanced distribution of influence between the Management Board, Supervisory Board and shareholders ( the 'balances').
The Dutch Corporate Governance Code 2003 entered into force, with effect from financial years, starting on or after 1 January 2004. The Corporate Governance Monitoring Committee (the Frijns Committee) presented the revised Dutch Corporate Governance Code on December 10, 2008. The adjusted Code takes effect from the financial year starting on or after 1 January 2009. The Dutch Corporate Governance Code has its statutory basis in Book 2 of the Dutch Civil Code and applies to listed companies with their registered office in the Netherlands.
Nuon Energy voluntarily applies the principles of the Dutch Corporate Governance Code. This decision was taken in view of the company’s size, the social role that it plays in the performance of its tasks in the field of energy supply, and because Nuon Energy is strongly committed to openness and transparency.