Report of the Supervisory Board on 2018

There has been no change in the membership of the Supervisory Board. Tom de Boer is a shareholder as well as a member of the Supervisory Board. The other three members of the Supervisory Board are independent. In addition, a trainee also attended the regular meetings in 2018. Her input in the meetings was found to be valuable.

In the regular meetings, the quarterly reports were adopted as a basis for discussions of matters such as operations, risk management, IT management, investment plans, sustainability, the auditor's management letter and innovation.

In addition to the four regular meetings of the Supervisory Board, a number of additional meetings were organised specifically to discuss potential acquisitions and the strategic focus of Roto B.V. and its Business Units. These extra meetings, which were also attended by the Roto B.V. management, were a valuable addition to the regular meetings.

“Supervision means more than just watching from the sidelines.

Rik van Thiel (Chairman of the Supervisory Board), Tom de Boer, Lucien Perizonius and Coert Zachariasse

2018 was dominated by the repositioning of Roto B.V. in relation to its Business Units. The Roto B.V. management, in consultation with the Supervisory Board and the management of the ROTO Business Units, has identified a number of cultural values that reflect the DNA of each ROTO company.

Core themes were identified in these cultural values that sometimes apply to each ROTO Business Unit and that are sometimes put forward specifically by the individual Business Units. Dashboards are used to follow up the action points and state scores for each Business Unit.

The management teams of the ROTO Business Units have also initiated a coaching programme with a central focus on entrepreneurship and strategy within the framework of the ROTO cultural values. Strengthening the management teams allows the Roto B.V. management to increase the distance from its Business Units and adopt a more coaching and facilitating role.

As usual, the Supervisory Board evaluated the performance of the Roto B.V. management and noted that the management continued to perform well in 2018. The Supervisory Board also organised a separate meeting to evaluate its own performance. This self-assessment showed that the membership and expertise of the Supervisory Board is adequate for the continued performance of its critical supervisory role. However, the Supervisory Board is striving for a more balanced ratio of men to women and this issue will have to be addressed again at the time of the next appointment or re-appointment.

The working relationships in the Supervisory Board are harmonious and there are transparent and trusting communications with the Roto B.V. management on the basis of a critical, constructive approach. In 2019, the Supervisory Board will focus more on the strategic development of the various Business Units, particularly now given the numerous developments at international level.

The Supervisory Board notes that ROTO has been able to benefit from the economic developments thanks to the efforts of many motivated employees and that it was able to strengthen its position again in 2018. The Supervisory Board expects ROTO to benefit once again from the forecast economic growth in 2019. The prospects for ROTO are good and the Supervisory Board expects the result for 2019 to be strong again.

Rik van Thiel, Chairman of the Supervisory Board

Roto B.V. Supervisory Board


Rik van Thiel, Chairman

Tom de Boer

Lucien Perizonius

Coert Zachariasse

Report of the Supervisory Board on 2018

There has been no change in the membership of the Supervisory Board. Tom de Boer is a shareholder as well as a member of the Supervisory Board. The other three members of the Supervisory Board are independent. In addition, a trainee also attended the regular meetings in 2018. Her input in the meetings was found to be valuable.

In the regular meetings, the quarterly reports were adopted as a basis for discussions of matters such as operations, risk management, IT management, investment plans, sustainability, the auditor's management letter and innovation.

In addition to the four regular meetings of the Supervisory Board, a number of additional meetings were organised specifically to discuss potential acquisitions and the strategic focus of Roto B.V. and its Business Units. These extra meetings, which were also attended by the Roto B.V. management, were a valuable addition to the regular meetings.

“ Supervision means more than just watching from the sidelines.

Rik van Thiel (Chairman of the Supervisory Board), Tom de Boer, Lucien Perizonius and Coert Zachariasse

2018 was dominated by the repositioning of Roto B.V. in relation to its Business Units. The Roto B.V. management, in consultation with the Supervisory Board and the management of the ROTO Business Units, has identified a number of cultural values that reflect the DNA of each ROTO company.

Core themes were identified in these cultural values that sometimes apply to each ROTO Business Unit and that are sometimes put forward specifically by the individual Business Units. Dashboards are used to follow up the action points and state scores for each Business Unit.

The management teams of the ROTO Business Units have also initiated a coaching programme with a central focus on entrepreneurship and strategy within the framework of the ROTO cultural values. Strengthening the management teams allows the Roto B.V. management to increase the distance from its Business Units and adopt a more coaching and facilitating role.

As usual, the Supervisory Board evaluated the performance of the Roto B.V. management and noted that the management continued to perform well in 2018. The Supervisory Board also organised a separate meeting to evaluate its own performance. This self-assessment showed that the membership and expertise of the Supervisory Board is adequate for the continued performance of its critical supervisory role. However, the Supervisory Board is striving for a more balanced ratio of men to women and this issue will have to be addressed again at the time of the next appointment or re-appointment.

The working relationships in the Supervisory Board are harmonious and there are transparent and trusting communications with the Roto B.V. management on the basis of a critical, constructive approach. In 2019, the Supervisory Board will focus more on the strategic development of the various Business Units, particularly now given the numerous developments at the international level.

The Supervisory Board notes that ROTO has been able to benefit from the economic developments thanks to the efforts of many motivated employees and that it was able to strengthen its position again in 2018. The Supervisory Board expects ROTO to benefit once again from the forecast economic growth in 2019. The prospects for ROTO are good and the Supervisory Board expects the result for 2019 to be strong again.

Rik van Thiel, Chairman of the Supervisory Board

Roto B.V. Supervisory Board

Rik van Thiel, Chairman

Tom de Boer

Lucien Perizonius

Coert Zachariasse