The nominating committee draws up criteria for the nomination of candidates for the Executive Board as well as the Supervisory Board. The committee will assess the profile, the size and composition of both boards and will propose candidates for nomination of the Supervisory Board for a first appointment to fill a vacancy.

The committee also advises on the reappointment of the members after their retirement by rotation every four years, while taking the member's functioning into account. With regard to the appointment of any member of the Supervisory Board, the 'Profile and Composition of the Supervisory Board' shall be taken into account.

The committee also advises on and proposes to the Supervisory Board candidates to be nominated for appointment to the Executive Board as a member or chairman. It will supervise the policy of the Executive Board on the selection and appointment of senior management.

The committee meets at least once a year. The meetings shall be attended by the chairman of the Executive Board, unless the committee expresses its wish to meet without him. The chairman of the committee may decide on attendance of other members of the Executive Board.

The committee shall consist of a minimum of three members. At least one of them needs to be independent.

The committee presently consists of Dudley G. Eustace (chairman),
Sue Kempler and Rob Routs.