Corporate Governance

Corporate Governance

Fugro strongly believes in the importance of Corporate Governance. We set great store by a good balance between the interests of the different stakeholders. Good entrepreneurship, including integrity and transparency of decision-making by the Managing Board as well as proper supervision of this management are the starting points for Fugro's Corporate Governance policy. The Company also wishes to pay due consideration to the interests of the community.

The Corporate Governance policy of Fugro has been approved by the General Meeting of shareholders in its meeting of 19 May 2004.

In December 2008 the Dutch Corporate Governance Code was revised by the Corporate Governance Code Monitoring Committee ('Frijns Committee'). For Fugro the revised Code became effective as per 1 January 2009. In accordance with the recommendations of the Frijns Committee, Fugro has submitted the broad outline of its corporate governance structure and compliance with the revised Code for discussion under a separate agenda item to the Annual General Meeting that was held on 6 May 2010.

A full overview (‘Comply or Explain’-report as referred to in the Code) of Fugro’s compliance with the Code is available at this website: www.fugro.com/governance/policy.asp