Committees Supervisory Board

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The Supervisory Board has four permanent committees: the Nomination and Corporate Governance Committee (combined), the Remuneration Committee, the Risk Committee and the Audit Committee. All committees are by nature totally independent of ING. Each committee has its own charter, which you can download below. The charter describes the committee’s powers and duties and complies with applicable regulation, such as the US Sarbanes-Oxley Act.

Nomination and Corporate Governance Committee

  • The Nomination and Corporate Governance Committee consists of at least three members and currently meets at least four times a year.
  • The Nomination Committee advises the Supervisory Board, among other things, on the composition of the Supervisory Board and Executive Board, assists the Supervisory Board in monitoring and evaluating the corporate governance of ING as a whole and the reporting thereon in the Annual Report and to the General Meeting, and advises the Supervisory Board on improvements.
  • The members of the Nomination and Corporate Governance Committee are: Hans Wijers (chairman), Mariana Gheorghe and Herna Verhagen.

Remuneration Committee

  • The Remuneration Committee consists of at least three members and currently meets at least four times a year. In addition, the Remuneration Committee also meets at least two times a year with the Risk Committee.
  • The Remuneration Committee advises the Supervisory Board, among other things, on the terms and conditions of employment (including their remuneration) of Executive Board members and the policies and general principles on which the terms and conditions of employment of Executive Board members and of senior managers of ING and its subsidiaries are based.
  • The members of the Remuneration Committee are: Herna Verhagen (chairwoman), Mariana Gheorghe, Harold Naus and Hans Wijers.

Risk Committee

  • The Risk Committee consists of at least three members and currently meets at least seven times a year. In addition, the Risk Committee also meets at least two times a year with the Remuneration Committee.
  • The Risk Committee assists and advises the Supervisory Board in monitoring the risk profile of the company as well as the structure and operation of the internal risk management and control systems.
  • The members of the Risk Committee are: Mike Rees (chairman), Jan Peter Balkenende, Juan Colombás*, Mariana Gheorghe, Margarete Haase, Herman Hulst, Harold Naus and Hans Wijers.

Audit Committee

  • The Audit Committee consists of at least three members and currently meets at least six times a year.
  • The Audit Committee assists the Supervisory Board in monitoring the integrity of the financial statements of the company, in monitoring the compliance with legal and regulatory requirements, and in monitoring the independence and performance of ING’s internal and external auditors.
  • The members of the Audit Committee are: Margarete Haase (chairwoman), Juan Colombás*, Herman Hulst, Mike Rees and Hans Wijers.

* Per 1 October 2020.

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