Auditcommittees

On 1 January 2008 the Principles for Good Pension Fund Governance come into effect. The core of these principles is that the governing body is accountable in respect of fund policy.
The policy conducted must also be clear and transparent. PH&C believes these Principles are highly important and already decided to set up an Audit Committee with effect from 1 January 2007. PH&C asked the National Register of Supervisory Directors and Supervisory Officials to canvass for Audit Committee members. The Committee is responsible for internal supervision and monitors the integrity of PH&C.

The committee is composed of:

• de heer Thoman

• de heer Biewinga

• de heer Nelissen

• de heer W.W. Ramakers  (representing employee organisations)

• de heer P.A. Schoormans (representing employer organisations) were appointed B members. Mr Schoormans is compliance officer (from 1 January 2007). He monitors compliance with legal and regulatory requirements and with regulations drawn up internally by PH&C itself.

The Audit Committee reports to the governing board on internal supervision once per year. These reports record how the board performs its task. The findings of the Audit Committee are recorded in the Annual Report.