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 audit
and issued their auditors' report, we have established the annual
account for 1981 as represented on pages 56 and 57 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 laid down on pages 34ff
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 general meeting of shareholders held on April 28,
1981, Mr. P.M.H. van Boven, a supervisory director who retired by
rotation, was re-appointed.
As regards the vacancy arisen from the retirement by rotation of
Mr. E.G. Stijkel, we intend to re-appoint Mr. Stijkel at the next annual
meeting.
The staff council has been consulted about this appointment and has
not objected to it.
We express our thanks to the managing board for the way in which it
performed its duties during the past year. We conclude by endorsing the
words of appreciation which the managing board has addressed to the
employees.
Amsterdam, 12 March 1982
The supervisory board
J. de Wilde, chairman
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