Board
The pension fund is governed by the Board. The Board consists of 4 board members representing the employer, two members representing the employees and 2 members representing pension beneficiaries.
Supervisory Board
The Supervisory Board monitors the board policy and the general business of the pension fund. Shell Petroleum N.V. appoints the members of the Supervisory Board. In 2017 the Supervisory Board had three members. At the most, the Supervisory Board can consist of four members.
Accountability body
The accountability body represents the employers, participants and pension beneficiaries. It consists of fourteen members. Eight members are pension beneficiaries, four are active participants and two members are nominated by the employer. The accountability body advises the board on intended decisions by the board . It also assesses policy and policy implementation.
Investment committee
Our investment committee consists of four members. The committee advises the board regarding the investment policy, upon request and on their own initiative. The board appoints the members of the investment committee. An external, independent investment consultant assists the committee.
Pension office
The pension office supports the board and advises the board on pension policy. In 2017 the pension office also administered the pension scheme. As of 1 January 2018 the pension scheme is contracted out to Achmea Pensioenservices. The pension office also supports the Board in monitoring the investments and with regards to risk management.
Board of directors
The Board of directors consists of two persons. They supervise the policy and policy implementation by the pension office. The Board of directors also deals with the general business and internal control.