In consultation with the Board, the Supervisory Board formulated an annual plan for 2020 including the specific focus themes and priorities for the Supervisory Board, alongside its standard tasks. In this reporting year, these were:
1. Governance, practice instead of policy.
2. Balance sheet management.
The Supervisory Board compliments the Board with the results of its efforts and all activities that were addressed and implemented in 2020. Certainly considering the Covid-19 restrictions and additional actions required because of these. The implementation of the actions of the investment survey conducted by DNB, filling vacancies, clarifying the role division of board/committees and support, introducing key function holders, risk awareness, new pension scheme starting from 2021, and preparations for the new pension system were addressed dynamically and/or concluded. The Board functioned effectively as a team. The Supervisory Board has every confidence that the Board will also be able to handle the complexity of the transition to the new system.
In addition to the statutory minimum tasks, the Supervisory Board will focus on the following priorities in 2021:
Based on its observations, the Supervisory Board approves the decision made by the Board to adopt the 2020 Management Report and 2020 Annual Accounts.