Corporate Governance

Atradius uses a structured system of checks and balances (as outlined below) to ensure the regulation of the relationships between its shareholders, Supervisory Board, Management Board and internal and external auditors. Atradius will continue to focus on corporate governance, as the Atradius Group of companies develops and the business world changes.

Management Board

The Management Board, which meets twice a month and more often when necessary, is responsible for the day-to-day business and strategy of Atradius. Its members have collective responsibility for all decisions made by the Management Board, but each board member has designated management responsibilities for specific areas of Atradius. The Chairman of the Management Board is the primary liaison with the Supervisory Board and its Chairman.

Members of the Management Board are appointed by the shareholders upon recommendation of the Executive Committee, a sub-committee of the Supervisory Board.

Isidoro Unda
Chairman and Chief Executive Officer

Dr. Peter Ingenlath
Vice-Chairman and Chief Market Officer

Delfin Rueda
Chief Financial Officer
Tommie Sjodahl
Chief Market Officer
David Capdevila
Chief Market Officer
Peter Schmidt
Chief Market Officer

Supervisory Board

The Supervisory Board of Atradius N.V. currently consists of eleven members.

Paul-Henri Denieuil (Chairman)
Ignacio Álvarez (Vice Chairman)
Francisco Arregui
Charlotte Gubler
Jan Holsboer
Jesús Huerta de Soto
Chris McKechnie
Bernd-Hinrich Meyer
Dick Sluimers
Jose Ruiz
Axel Wieandt

Roles and procedures

The Supervisory Board supervises the Company’s general affairs and the policy pursued by the Management Board. The General Meeting of Shareholders has the authority to appoint the members of the Supervisory Board on recommendation of the Remuneration, Selection and Appointment of the Supervisory Board.

The members of the Supervisory Board are appointed for a term of three years. They may be reappointed but may not serve on the Supervisory Board for more than twelve years. The Supervisory Board regulations describe the division of duties, the procedures and the committees of the Supervisory Board.

Committees of the Supervisory Board

The Supervisory Board has set up the following committees:

Audit Committee

The Audit Committee supports the Supervisory Board to fulfill its supervisory and monitoring duties with respect to the assurance of teh integrity of the Company's financial statements and its compliance with legal and regulatory requirements, the external auditor's qualifications, and the performance of internal and external auditors. The Audit Committee monitors, independently and objectively, the financial reporting process within Atradius and the system of internal controls. the Audit Committee also facilitates the ongoing communication between the external auditor, the Management Board, the Internal Audit department and the Supervisory Board on issues concerning the Company's financial position and financial affairs.

Risk & Finance Committee

The Risk and Finance Committee supports the Supervisory Board to fulfill its supervisory and monitoring duties with respect to internal risk management and control, the monitoring of the balance sheet and investment portfolio, and the financing of Atradius' activities.

Remuneration, Selection and Appointment Committee
The Remuneration, Selection and Appointment Committee supports the Supervisory Board to fulfill its supervisory and monitoring duties with respoect to remuneration policy adopted by the General Meeting of Shareholders.

Strategy and Performance Committee
The Strategy and Performance committee supports the Supervisory Board to fulfill its supervisory and monitoring duties with respect to the strategy and performance of Atradius.