Recommendations
of the Supervisory
Council
To the Shareholders
The Executive Board has submitted the annual accounts
drawn up for the financial year 1995 to the Supervisory
Council. These annual accounts, which are to be found on
pages 39 to 62 of this report, have been audited by
KPMG Accountants N.V. The Auditors' report is included
on page 63.
The Supervisory Council recommends you to adopt the
annual accounts and, in accordance with the proposal by the
Executive Board, to fix the dividend at NLG 175,607,000
and add the balance of the profit, amounting to
NLG 488,810,000, to the general reserve. Per share of
NLG 25.- par value, this proposal means a dividend of
NLG 3.50, of which NLG 1.50 was already made payable as
interim dividend on September 18, 1995.
At the General Meeting of Shareholders on April 27, 1995,
Dr. A.H. Heineken relinquished his positions as Chairman
and Delegate Member of the Supervisory Council, owing to
the reaching of the statutory age limit. Mr. Heineken
continues to be involved with the course of affairs in the
enterprise as Chairman and Delegate Member of the Board
of Directors of Heineken Holding N.V.
Mr. R. Hazelhoff succeeded Mr. Heineken as Chairman of
the Supervisory Council, and at the General Meeting of
Shareholders Mr. M. Das was appointed Delegate Member
of the Supervisory Council.
At the Extraordinary Meeting of Shareholders held on
September 7, 1995, Mr. S.W.W. Lubsen was appointed to
the Executive Board with effect from September 15, 1995.
Mr. J.D. Hooglandt and Mr. C.J. van der Klugt will be
retiring by rotation from the Supervisory Council of the
Company. Owing to the reaching of the age limit laid down
in the Articles of Association they are both ineligible for
reappointment. Mr. Hooglandt has been a member of the
Supervisory Council since 1985. We are particularly grateful
to him for the way in which he has fulfilled his duties.
Mr. Van der Klugt was appointed to the Supervisory Council
in 1986. We wish to express our gratitude to him, too, for the
excellent manner in which he has performed his duties.
It will be proposed to the General Meeting of Shareholders to
be held on April 25, 1996, that Mr. M.R. de Carvalho and
Mr. L. van Vollenhoven be appointed to the Supervisory
Council. Binding nominations for the appointment of two
members of the Supervisory Council will be submitted to the
General Meeting of Shareholders.
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