DSI Introduces Supervisory Board Posted on December 5, 2023 at 1:42 pm.Written by Roeland Jongejan DSI has made a significant change in direction. Starting from October 26, 2023, DSI has implemented an entirely new governance model with a Supervisory Board and a managing director. The Evolution of DSI’s Governance Model When DSI was founded in 1999, a governance structure was chosen that included industry associations from the sector in the board. These associations represented their members in the board. In recent years, DSI operated with a broad General Board with an independent chair. From the General Board, an Executive Board was formed, and the director was responsible for the daily management of the organization. In 2023, the General Board decided to establish a Supervisory Board with a managing director. This model, now common among smaller foundations and associations, aligns best with the renewed and downsized DSI. The involved industry associations will have a different role, as anchored in the new statutes. More information about the new governance can be found here: new governance DSI Composition of the Supervisory Board Our new Supervisory Board consists of five experts from the financial world, with the primary task of overseeing the policies of the managing director, Floris Mreijen. The composition of the Supervisory Board is as follows: Tanja Nagel (Chair) Tanja Nagel, with an extensive career in financial services, held top positions at renowned institutions such as Van Lanschot and Theodoor Gilissen Bankiers. Currently, she is a commissioner at EY Netherlands and a board member at Stichting Oncode and Stichting Capital Amsterdam. Additionally, she serves as a moderator at the Erasmus Governance Institute. Tanja Nagel was formerly the chair of the DSI board and will now be the chair of the Supervisory Board. Jaco Aardoom Jaco Aardoom, former CEO of Hof Hoorneman Bankiers, has extensive experience in fund management and the private banking sector. He previously served as division chair of Delta Lloyd Asset Management and was director of Investments at Ohra Insurance & Banking Group. His career began in 1988 as an account manager at Bank Mees & Hope. Theo Andringa Theo Andringa has extensive experience in the retail investment sector. He currently works as a director and investment team member at the asset manager NNEK. Additionally, Theo was the chairman of the Association of Asset Managers & Advisors for 12 years. In this capacity, Theo was also a board member of DSI. Erik Luttenberg Erik Luttenberg, former statutory director of asset manager Kempen Capital Management, has extensive experience in financial services. Currently, he is active as a director at KPN pension fund, at Eumedion, and as a director and supervisor at several investment institutions. Daniëlle Melis Daniëlle Melis, with a background in the banking sector and a specialization in corporate governance, earned her stripes at MeesPierson, NIBC, and Rabobank, and in the governance domain as the chair of the Nyenrode Corporate Governance Institute. Currently, she is a board member and also a member of the investment advisory committee of the General Pension Fund Stap, and she holds directorships at Triodos Bank, PGGM Investments, and Blue Sky Group. Until November 1, she was a member of the Disciplinary Committee of DSI, a role she relinquishes with her appointment to the Supervisory Board. Thanks to Former Board Members With the introduction of the Supervisory Board, DSI bids farewell to the board members who have diligently led the organization in recent years, thanking them for their efforts to make the financial sector more reliable and competent. In the coming months, the members of the Supervisory Board will be introduced more extensively through personal interviews. We invite you to stay informed about the latest developments around DSI and its initiatives through our newsletter and LinkedIn channel.
New governance DSI Posted on October 4, 2023 at 1:55 pm.Written by Roeland Jongejan The board of DSI has decided, as the final step in all the earlier changes, to adjust the governance of the organization. The model with a General Board is being replaced by a Supervisory Board with a director-manager. The Supervisory Board will be operational in the autumn of 2023. The development of DSI’s governance model When DSI was founded in 1999, a governance structure was chosen in which industry organizations from the sector joined. These branches represented their constituency on the board. Over time, there have been regular discussions about alternative governance structures, and several adjustments have been made. In recent years, DSI has worked with a broad General Board with an independent chairman. A Managing Board was formed from the General Board, and the director was responsible for the day-to-day management of the organization. DSI is transitioning to a supervisory board model In 2023, after considering various governance models, the General Board decided to establish a Supervisory Board with a director-manager. This model, which has become common for smaller foundations and associations, best suits the renewed and smaller DSI and makes decision-making faster and more flexible. The involved industry organizations will have a different role, anchored in the new statutes. The main elements of the new governance are as follows: The Supervisory Board is tasked with overseeing the policies of the board (the director-manager) and the general affairs of the Foundation. The Supervisory Board will consist of at least 4 and at most 5 individuals. These individuals have a background in the financial sector and an affinity with DSI’s field of work. The composition of the Supervisory Board will be aligned with the corporate governance code as much as possible. The director-manager is responsible for managing the foundation and annually prepares an activity plan and a budget. The Supervisory Board must then approve the activity plan and the budget. The approval of the Supervisory Board is also required for several other significant decisions by the director-manager. The involvement of the industry organizations is enshrined in the statutes. The director-manager is required to hold annual discussions with the industry organizations about strategic developments. The director-manager will also organize an annual plenary meeting for the industry organizations to discuss the annual plan and budget. This will start in 2024. The statutes also include a mechanism to keep DSI’s costs under control. A financial committee will be established with the task of assessing the efficiency and necessity of a significant budget overrun or a proposed increase in the budget for the following year. The new Supervisory Board will commence in the autumn of 2023. DSI will communicate the composition of the board in the near future. More Information If you would like more information about the new governance, please contact Floris Mreijen (Director DSI) for answers to your questions via the contact form or by phone at 020 – 620 12 74.