Supervisory Board

Separate and independent from the Board of management, the Supervisory Board supervises and advises the Board in performing its management tasks.

Major management decisions and AkzoNobel strategy are discussed with, and approved by, the Supervisory Board. Its activities and meetings are detailed in a report published every financial year. Acting in the interests of AkzoNobel and its stakeholders, the Supervisory Board is also responsible for monitoring the Board of Management and setting the direction of the company's business. This includes:

• achieving our operational and financial objectives
• our corporate strategy and risks inherent in our business activities
• how internal risk management and control systems are structured and operated
• the main financial parameters and the financial reporting process
• compliance with applicable laws and regulations.

An independent voice and viewpoint

Under Dutch law, the Supervisory Board must be independent of the Board of Management. This means Supervisory Board members can neither be Board of Management members nor employees of the company.