Corporate governance
RET's corporate governance structure consists of the Management Board (MB) and the Supervisory Board (SB). The RET Management Board is responsible for providing transparent leadership to the organisation. The Supervisory Board oversees management policy and the day-to-day operations within the company. The SB also supports the MB. As part of this task, the SB has established an Audit Committee (AC).
The roles and duties of the SB and the AC are set out in the Regulations on the Supervisory Board, the Regulations on the Audit Committee and the Regulations on Selection and Remuneration. A profile establishing the size and composition of the Supervisory Board is available as well. The terms of the sitting members of the Supervisory Board are laid down in the resignation rota.
The continuity of operations is in the shared interest of the Management Board and the Supervisory Board. The MB formally establishes the vision and the resulting mission, strategy and objectives.
RET endorses the principles and best-practice provisions of the Corporate Governance Code, with the understanding that – due to the structure of RET – a number of these principles and provisions do not apply. This is in keeping with the relevant policy of the Municipality of Rotterdam.