IMC ANNUALREPORT 2020 - Flipbook - Page 17
05 GOVERNANCE
GOVERNANCE
IMC ANNUAL REPORT 2020
IMC’S GOVERNANCE COMPRISES
a two-tier board: IMC’s Management
Board determines the firm’s strategy
and oversees its implementation;
IMC’s Supervisory Board has
the statutory responsibility to
supervise and provide counsel to
the Management Board. IMC B.V.
qualifies as a financial holding
under the Dutch Act on Financial
Supervision. The Dutch Central Bank
is IMC’s prudential supervisor.
In its consideration of the
composition of its Management
and Supervisory Boards, IMC takes
into account all relevant factors
and excludes none, not least the
availability of suitable candidates,
the structure of the two Boards,
and the need to ensure continuity
in the business.
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The size and composition of
the Management Board and its
combined experience and expertise
reflect the best fit for the profile
and strategy of the firm. IMC
operates an employment policy
that is gender neutral. Currently all
members of the Management Board
are male. The firm is aware that
gender diversity is below the goals
as set out in article 2:276 section 2
of the Dutch Civil Code and will pay
close attention to that in the process
of recruiting and appointing new
Management Board members.
IMC’s Supervisory Board comprises
members who are well qualified to
perform the functions of supervising
the activities of the Management
Board and providing that Board
with its counsel. Membership of the
Supervisory Board is determined in
accordance with an internal schedule
of resignation.
Each member of the Supervisory
and Management Boards is
appointed with the approval
of the Dutch Central Bank.
IMC’s results for 2020 are presented
in accordance with International
Financial Reporting Standards
(IFRS). IMC’s financial statements
have been audited by PWC and
will be filed with the Trade Register
of the Chamber of Commerce in
Amsterdam, the Netherlands.
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