Report of the Supervisory Board
To the Shareholders
On the basis of the supervision exercised by us and the information
supplied by Van Dien Co, auditors, who have reported on their
examination and issued their auditors' report, we have established the
annual results for 1980 as represented on pages 60 and 61, as well as the
consolidated annual figures of the finance business, the combined
annual figures of the real estate companies and other diversifications
and the explanatory notes pertaining thereto as represented on pages
38 ff. of this annual report.
We agree to the additions to the reserves as proposed by the Managing
Board. We recommend that you approve the annual results in
conformity with the documents presented in this annual report.
As of the date of the Annual General Meeting of Shareholders held on
29th April, 1980, Mr. A.W.J. Caron, a supervisory director who has been
retired by rotation, was re-elected.
A vacancy created by the retirement by rotation of Mr. Ph.C.M. van
Campen, who did not wish to be considered for re-election, was filled by
the appointment of Mr. A.G. van den Bos as a supervisory director.
In addition, Mr. J.C. Smit was appointed a supervisory director.
With respect to the vacancies created by the retirement by rotation of
Mr. P.M.H. van Boven and Mr. J. Loopuyt, the latter is not being
considered for re-election due to his reaching the maximum age limit,
it is our intention to re-elect Mr. van Boven at the next annual meeting
and, at this time, not to fill the vacancy created by the retirement by
rotation of Mr. Loopuyt.
The Staff Council has been consulted about these appointments and
has not objected to them.
We take this opportunity to express our sincere appreciation to
Mr. Loopuyt for the many services he rendered to the company in his
capacity of member of our Board.
We also express our thanks to the members of the Managing Board for
the way in which they fulfilled their duties during last year.
We conclude by endorsing the words of appreciation which the
Managing Board has addressed to all employees.
Amsterdam, 23 March 1981
The Supervisory Board
J. de Wilde, chairman
7
