Stichting Pensioenfonds van De Nederlandsche Bank NV (hereafter: Pension fund DNB) has outsourced all activities to external providers. Activities outsourced are:
- Asset Management
- Pension Management
- Custodian Services
- Compliance Officer
Pension fund DNB's Governance is as follows:
Board of Directors
9 members (4 appointed by employer, 4 appointed by employees of which 2 from active members, 1 from deferred members, 1 from pensioners), 1 independent chairman
overall responsibility for managing the pension fund
Three permanent Committees:
- Investment Committee
4 members from board of directors
responsible for implementing strategic asset allocation
responsible for day to day tactical asset allocation decisions
responsible for day to day monitoring of asset
- Audit Committee
4 members from board of directors
responsible for supervision of overall financial performance of the pension fund
responsible for the proper functioning of the risk management systems
responsible for compliance with legal requirements and regulatory requirements
responsible for compliance with pension fund governance rules
- Communication Committee
3 members from the board of directors
responsible for preparation of the communication policy
responsible for the execution of the communication policy
responsible for measuring the effectiveness of the communication policy
Supervisory Board
3 independent members, appointed by the accountability body
responsible for the assessment of the performance of board of directors and the course of events within the pension fund
Accountability Body
9 members (3 appointed by the employer, 3 appointed by active members, 3 appointed by deferred members and pensioners
responsible for the assessment whether the board of directors takes into account in her decision making process the interest of all stakeholders
appointment of members of the supervisory board
Membership of the Board of Directors, Supervisory Board and Accountability Board is a part-time job.