Annual and interim reports

Deeper relationships

To increase our impact, we continue to collaborate and create partnerships with our stakeholders, including public and private parties.

Higher productivity

In 2020, we continue to increase our productivity by implementing a multi-year portfolio of projects across three areas: (1) implementation of our Strategy 2025, (2) regulatory and operational requirements and (3) foundation for the future.

In control statement

FMO has internal risk management and control systems that enable us to take risks and control them and that are based on international best practices.

Report of the Supervisory Board

The year 2019 has been a dynamic year for FMO. FMO is in a phase of enhancing professionalism in terms of data management systems and KYC procedures.

Read more ›Report of the Supervisory Board

Corporate governance

The Supervisory Board ensures that FMO complies with all applicable corporate governance codes, further described in the chapter on corporate governance.

Proposals and recommendations to the Annual General Meeting

Having stated all of the above, the Supervisory Board endorses the report of the Executive Committee. We propose that the AGM adopt the 2019 Annual Accounts audited by EY Accountants LLP.

Read more ›Proposals and recommendations to the Annual General Meeting

Members of the Supervisory Board

Front from left | Thessa Menssen, Pier Vellinga (Chairman) Back from left | Koos Timmermans, Dirk Jan van den Berg, Alexandra Schaapveld

Read more ›Members of the Supervisory Board

Corporate governance

Good corporate governance at FMO is crucial for two reasons. First, as a public-private development bank, our own governance, structure and reporting lines must be both sound and transparent.

Articles of association

FMO’s articles of association were last amended in 2009, the year in which the first version of the Dutch Corporate Governance Code came into effect. FMO’s bylaws were updated in 2013 and we expect several of our bylaws will be updated in 2020.

Governance structure

FMO’s corporate governance structure is based on the premise that FMO is a long-term partnership of stakeholders who, directly or indirectly, influence or are influenced by the achievement of our objectives.