Recommendations of the Supervisory Council
To the Shareholders
We have received the annual accounts for the financial
year 1980 drawn up by the Board of Managing Direc
tors, which we have approved. These annual accounts,
shown on pages 28 to 47 of this report, have been
audited by the auditors, Messrs. Klynveld Kraayenhof
Their Report is included on page 48.
We recommend you to adopt the annual accounts and,
in accordance with the proposal by the Board of Man
aging Directors, to fix the dividend for the financial year
at N.fl. 50,575,000 and to add the remainder of the pro
fit, amounting to N.fl. 32,564,000, to the General reser
ve. Per share of N.fl. 25.— this proposal means a divi
dend of N.fl. 3.50, of which N.fl. 1.50 was already made
payable as interim dividend on September 19, 1980.
At the Annual General Meeting of Shareholders to be
held on April 28, 1981, Jonkheer O. A. E. E. L. Wittert
van Hoogland, Chairman of the Supervisory Council,
will be retiring from the Council this year upon reaching
the age limit laid down by law.
His fellow-members of the Supervisory Council wish to
pay tribute to Jonkheer Wittert for his energetic efforts,
both during his time on the Council and in the other
posts in which he was previously associated with the
Company. The enterprise has greatly benefited there
His colleagues take this opportunity to express their
appreciation of the many years of pleasant co-operation.
At the aforesaid General Meeting Mr. A. Jiskoot and
Mr. A. G. Maris will also be retiring by rotation as mem
bers of the Supervisory Council. Both are immediately
eligible for reappointment.
Binding nominations drawn up by us will be submitted to
the General Meeting for the appointment of two mem
bers of the Supervisory Council.
Finally we wish to express our gratitude to the Board of
Managing Directors and all employees for the way in
which they have again promoted the interests of the
enterprise during the past year, which has certainly not
been without its problems.
Amsterdam, April 3, 1981
Wittert van Hoogland