Boskalis CSR report 2017

Business Conduct CSR 2017 – BOSKALIS 64 CORPORATE GOVERNANCE

Boskalis operates a two-tier board model, which means that management and supervision are segregated. The Board of Management is responsible for the day-to-day management of the business, the continuity of the company and for setting out and realizing the company’s strategy for the long-term value creation, as well as for the culture, opportunities and risks and the results of the company. The Supervisory Board is responsible for supervising the Board of Management on the formulation of the strategy for the realization of the long-term value creation and the implementation thereof. Early 2017, the Corporate Business Plan 2017-2019 was discussed and approved by the Supervisory Board. For more information, please refer to the strategy section in our Annual Report 2017. Furthermore, the Supervisory Board is responsible for supervising management performance regarding the general affairs of the company and advising the Board of Management. At Boskalis there is close collaboration between the Supervisory Board and its committees, the Board of Management and the stakeholders. The remuneration policy and remuneration elements are directly derived from the Boskalis strategic agenda, incorporating not just financial-economic objectives but also CSR objectives such as safety and talent management. The 2017 Remuneration Report states clearly that these CSR aspects are part of the long-term corporate objectives. The external auditor is involved in determining the remuneration and is responsible for ensuring that the relevant procedures are followed correctly. Please refer to our corporate website for the Remuneration Report. The Board of Management is responsible for the company’s CSR policy and is supported in this role by the Taskforces Energy Management and Eco-Engineering. The manager SHE-Q reports to the Board of Management on safety related topics. With regard to HR-related objectives, the HR director reports to the Board of Management. The business unit directors and the heads of the relevant staff departments report to the Board of Management on respective CSR key performance indicators. This CSR Report was drawn up under the responsibility of the director IR & Corporate Communications who also reports directly to the Board of Management. The report is reviewed by the Board of Management of Boskalis and is discussed in its entirety with the Supervisory Board. For the reports of the Supervisory Board, the Board of Management, our corporate governance policy, terms of office and our organization – including the composition of the Supervisory Board and the Board of Management – please refer to our Annual Report 2017, the Remuneration Report and our corporate website.