Corporate governance
Royal HZPC Group B.V. is a two-tier board company with an Executive Board and an independent Supervisory Board. The Supervisory Board appoints the members of the Executive Board.
Royal HZPC Group B.V.
The Executive Board informs the Supervisory Board about operations, consults with the Supervisory Board on all important issues, and presents important decisions to the Supervisory Board for approval. The Strategic Business Area Europe, the Strategic Business Development Area, STET Holland, IPR and HZPC Research & Development are managed by the Executive Committee.
The Supervisory Board supervises and monitors the policy of the Executive Board and the day-to-day operations, and advises the Executive Board. The members of the Supervisory Board are appointed by the General Meeting of Shareholders (GMS) upon recommendation by the Supervisory Board.
The General Meeting of Shareholders is convened by the Board of the ’Vereniging HZPC’ (HZPC Association), which holds 100 percent of the shares. The articles of association governing the company set out the General Assembly of Shareholders’ authoritative powers. In addition, the Executive Board must present specific decisions to the General Meeting of Shareholders for approval.
The ‘Vereniging HZPC’ has certified all the shares. Only (former) growers, (former) breeders and (former) members of staff may purchase and hold certificates. Royal HZPC Group B.V. is therefore literally a company of growers, breeders and employees and they have a voice in the direction of the company. They finance the business with risk capital. Certificate holders can become members of the Association.
The general members’ meeting of the ‘Vereniging HZPC’ elects and nominates the Board. The management of the Association requires approval of the members for a number of decisions taken.