Report and
Recommendations of
the Supervisory Board
To the stockholders
After consideration the advice of Moret Ernst
Young Accountants, who audited and approved the
accounts prepared by the Managing Board, the
Supervisory Board has approved and signed the
financial statements for the year 1994.
These financial statements incorporate the
consolidated annual returns and the company balance
sheet and income statement of FGH BANK N.V.
(see pages 10 ff). We recommend that the financial
statements presented in this annual report be adopted
accordingly.
The Supervisory Directors have regularly met and
otherwise been in contact with the Managing
Directors throughout the year.
An Extraordinary General Meeting of the
stockholders is to be held on March 14, 1995 to
consider a proposal that Mr J.B.M. Streppel be
appointed to the Managing Board and assume the
chairmanship thereof with immediate effect to
replace Mr W.A.J.M. van der Heijden, who has stood
down for health reasons.
It will also be proposed that Mr W.A.J.M. van der
Heijden be appointed delegated Supervisory Director,
in which position his knowledge and experience,
particularly of risk management, will be retained.
To fill the vacancy created by the retirement of
Prof. R.A.H. van der Meer as of February 9, 1995, it
will be proposed that Mr P. van de Geijn be appointed
Supervisory Director.
We hope that Mr W.A.J.M. van der Heijden's health
develops prosperously and that he will be able to
resume the work he has temporarily had to set aside.
We commend the efforts of both management and
staff and express satisfaction at the result achieved
for 1994.
Utrecht, March 3, 1995
H.B. van Wijk
Chairman of the Supervisory Board
