REPORT AND RECOMMEN
DATIONS OF THE BOARD OF
DIRECTORS
After considering the advice of Moret Ernst
Young registeraccountants, who audited and
approved the accounts prepared by the Executive
Board, the Board of Directors has approved and
signed the 1991 financial statements.
These financial statements include the consolidated
annual returns, company balance sheet and income
statement of FGH BANK N.V. (see page 14 ff.).
In September 1991, Mr J.B.M. Streppel
resigned from the Executive Board of FGH BANK
to take up a position as Chairman of the Executive
Board of Bank Van Haften Labouchere N.V.. We
would like to thank Mr Streppel for the valuable
contribution he has made to the management of
FGH BANK in recent years. FGH BANK has
benefited gready from his dedication, knowledge
and expertise. The vacant seat on the Executive
Board has since been taken by Mr Th.L.J. Zitman,
who has already served FGH BANK in a number
of important capacities. Immediately prior to his
appointment to the Executive Board, Mr Zitman
was head of B.V. Keizersveer, a subsidiary of FGH
BANK.
IThe Board of Directors has maintained close
contact with the Executive Board throughout the
present reporting period and can commend the
excellent efforts of both management and staff
during 1991.
9
TO THE STOCKHOLDERS
WÊÊÊÊË We recommend that the company’s finan
cial statements be approved accordingly and can
confirm that no changes have taken place in the
composition of the Board of Directors in the
present reporting period.
UTRECHT, MARCH 11, 1992.
ON BEHALF OF THE BOARD OF DIRECTORS:
H.B. van Wijk, Chairman