Role of the Board of Management

Role of the Board of Management

The Board of Management is responsible for the management of the Company and its operating companies, which means, among others, that it defines the strategic direction, establishes the policies and manages the Company’s day to day operations. The Board of Management is responsible for the Company’s results and the achievement of its objectives.

The Board of Management of Draka Holding N.V. currently consists of Frank Dorjee, Chief Executive Officer and Chairman of the Board of Management and Okke Koo, Chief Operating Officer.

Representative authority is vested both in the Board of Management and in each member of the Board of Management acting individually.

The members of the Board of Management are appointed by the General Meeting, upon nomination by the Supervisory Board. The General Meeting may suspend or dismiss Board of Management members at any time. A resolution to dismiss a Board of Management member, other than on the proposal by the Supervisory Board, can only be carried by an absolute majority of the votes cast by a quorum of shareholders representing more than one-third of the capital in issue.

In the event of a conflict of interest between the Company and a member of the Board of Management, Draka Holding will be represented by a member of the Board of Management or Supervisory Board, who has been designated by the Supervisory Board for that purpose.