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. 5

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 1995 | | pagina 13