PDN ANNUAL REPORT 2016
CONTENTS

The Accountability Council

 

The Accountability Council (AC) is tasked with evaluating the actions of the Board and providing advice on a number of key areas. The Council is made up of eight members.

In 2016, these were:

  • two members appointed by DSM Nederland: Henk Bosch and Kim Sonnenschein.
  • two employer members appointed by the employers: Marc Silvertand and Gerard van der Westen.
  • four members appointed from and by retirees: Martin Aertsen, John van Engelen, Henk Beun, and Harry Govers.
Bestuur_PDN_1

From left to right: Martin Aertsen (Chair), Henk Bosch, John van Engelen, Ruud van Ool (from 2017), Kim Sonnenschein (Deputy Chair), Harm Noppers (from 2017), Gerard van der Westen, and Mark Silvertand. Harry Govers is not present on the photo.

In its final evaluation of 2016, the Accountability Council expressed its satisfaction with the Board's actions and the overall policy implemented in 2016. The findings and recommendations from the Accountability Council related to the policy funding level, with a particular focus on SRI, as well as to the changes the Accountability Council would like to see in the PPS investment policy. Besides this, the Accountability Council evaluated the communication, governance, and strategy of the pension fund. The Accountability Council has highlighted the importance of conducting thorough interim evaluations of the administration agreement.