Corporate governance
The Dutch Corporate Governance Code for proper and correct governance does not apply directly to Triodos Bank, as Triodos Bank’s depositary receipts are not listed on any stock exchange. Nevertheless, Triodos Bank has decided to endorse and comply with most of the provisions of the Corporate Governance Code. However, Triodos Bank has made a deliberate decision to deviate from this Corporate Governance Code on a number of specific points.
As part of this work, the Foundation for the Administration of Triodos Bank Shares (SAAT) plays an important role in the monitoring of Triodos Bank’s individual identity and mission. When Triodos Bank emerged as an organisation, a conscious decision was taken to implement a structure, which allowed the voting rights for Triodos Bank shares to be exercised by SAAT’s Board of Management. When it uses these rights, the Board is guided by the interests of the depositary receipt holders, the company and the ethical goals of Triodos Bank. As a result, SAAT’s role goes well beyond that envisaged by the Corporate Governance Code.
The provisions of the Corporate Governance Code on share plans and option schemes also do not apply to Triodos Bank because Triodos does not use them to remunerate its co-workers.
A detailed overview of the way in which Triodos Bank implements the provisions of the Corporate Governance Code, in practise you can download below.
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- First investment of the Ampere Equity Fund
- 9 April 2008 - Participation in largest onshore wind farm in the Netherlands.
- Triodos Bank announces strong growth, of 23%, in 2007
- 29 February 2008 - The bank’s net profit rose by 46% to EUR 9 million. Earnings per share rose by 13%, to EUR 3.85.
- Triodos Bank launches Sustainable Trade Fund
- 22 February 2008 - Impulse for export of organic and Fair Trade products from developing countries to Western markets.