Structure and responsibilities
GrandVision has a two-tier governance structure consisting of a Management Board and a Supervisory Board. Currently, the Management Board consists of the CEO and the CFO, while the Supervisory Board is made up of four Supervisory Directors.
Management Board
The Management Board is responsible for the achievement of GrandVision’s objectives, including those related to the areas of strategy, policy, quality and sustainability as well as the day-to-day operation of the Company. In performing its duties, the Management Board is guided by the interests of GrandVision and all of its stakeholders.
Supervisory Board
The Supervisory Board oversees GrandVision’s overall performance, including the policies pursued and results achieved by the Management Board. It monitors the Company’s financial situation and reviews the financial statements and the strategy pursued by the Management Board. It approves important proposals for capital expenditures, acquisitions, divestments and changes to financial and other corporate policies, as well as the annual budget and long term plan.
The Supervisory Board also has the responsibility to evaluate the performance of the Management Board and the CEO and CFO individually. It proposes any changes to the composition of the Management Board which it deems necessary to the General Meeting. The Supervisory Board is also responsible for reviewing its own performance and proposing any changes in its composition to the General Meeting. The Supervisory Board ensures that the Company’s policies are formulated and pursued in the interests of all of GrandVision’s stakeholders and that these policies are sustainable and meet ethical standards.
The Supervisory Board appoints an Audit Committee, a Nomination Committee and a Remuneration Committee from among its members. The Supervisory Directors have been carefully selected to ensure that they offer GrandVision a comprehensive range of relevant experience in areas such as international retail, customer service, supply chain management, technology and finance.