Annual Report 2020

Composition of the Supervisory Board and Management Board

As a collective whole, the Supervisory Board represents a broad range of experience and expertise, which is in line with the desired Supervisory Board profile in view of GrandVision’s business. It complies with the Dutch Corporate Governance Code. The Board has five members, whose profiles you can find under 'Supervisory Board' in this section. All members qualify as independents, except for Mel Groot. As permitted by the Dutch Corporate Governance Code best practice provision 2.1.10, Groot does not satisfy all independent criteria.

On 30 June, 2020 at GrandVision's Annual General Meeting, Grita Loebsack, Sara Francescutto, Claudia Giganti and Eric Léonard were conditionally appointed as Supervisory Board members for a four-year term. Their appointments are subject to, and will only become effective, as of the date EssilorLuxottica S.A. is the owner of the entire participation of HAL Optical Investments B.V. in GrandVision N.V. equal to 76.72%.

Diversity, including gender, remains an important consideration in the selection process for the appointment and reappointment of Management and Supervisory Board members. In the meantime, quality, expertise and experience remain key areas of focus. Diversity in the broad sense is a topic on the Supervisory Board agenda.