Corporate Governance

Atradius uses a structured system of checks and balances (as outlined below) to ensure the regulation of the relationships between its shareholders, Supervisory Board, Management Board and internal and external auditors. Atradius will continue to remain focused on corporate governance as the Atradius Group of companies develops and the business world changes.

Management Board

The Management Board, which meets twice a month and more often when necessary, is responsible for the day to day business and strategy of Atradius. Its members have collective responsibility for all decisions taken by the Management Board, but each of them has specific management responsibilities for specific areas of Atradius. The Chairman of the Management Board is the primary liaison with the Supervisory Board and its Chairman.

Members of the Management Board are appointed by the shareholders upon recommendation of the Executive Committee, a sub-committee of the Supervisory Board.

Isidoro Unda
Chairman and Chief Executive Officer

Dr. Peter Ingenlath
Vice Chairman and Chief Market Officer

Delfin Rueda
Chief Financial Officer

Supervisory Board

It is the duty of the Supervisory Board to supervise the way the Management Board manages Atradius, as well as the general affairs of Atradius. For certain important decisions, the Management Board requires the prior approval of the Supervisory Board. In performing their duties, the members of the Supervisory Board are obliged to consider the interest of both Atradius and its stakeholders. The Supervisory Board schedules to meet at least four times each year.

Supervisory Board members are appointed by the shareholders upon recommendation of the Executive Committee, a sub-committee of the Supervisory Board. The shareholders decide on the compensation of Supervisory Board members. Each member is appointed for three years and will resign or may be reappointed immediately after the date of the Annual General Meeting of Shareholders regarding the annual accounts for such third year.

Paul-Henri Denieuil (Chairman)
Jesus Serra (Vice Chairman)
Ignacio Álvarez
Peter Gujer
Jan Holsboer
Benjamin Meuli
Bernd-Hinrich Meyer
Dick Sluimers
Axel Wieandt

The Audit Committee, the Executive Committee and the Risk & Finance Committee are sub-committees of the Supervisory Board.

Audit Committee

The Audit Committee assists the Supervisory Board in fulfilling its overview responsibilities relating to the integrity of the Company’s financial statements, its compliance with legal and regulatory requirements, the external auditor’s qualifications, and the performance of Atradius’ internal and external auditor. The Committee monitors, independently and objectively, Atradius’ financial reporting process and system of internal control. It also provides for continuing communication between the external auditor, the Management Board, the Internal Audit Department and the Supervisory Board on issues concerning the financial position and affairs of Atradius.

Jan Holsboer (Chairman)
Ignacio Álvarez
Dick Sluimers

Executive Committee

The Executive Committee assists the Supervisory Board in fulfilling its overview responsibilities on strategy, proposals for nominating members of the Supervisory Board and Management Board, remuneration policy and remuneration of senior management and other corporate governance matters.

Jesus Serra (Chairman)
Ignacio Álvarez
Paul-Henri Denieuil
Peter Gujer
Benjamin Meuli
Axel Wieandt

Risk & Finance Committee

The Risk and Finance Committee assists the Supervisory Board in fulfilling its overview responsibilities on risk management and control, monitoring the balance sheet including the investment portfolio, and financing of Atradius’ activities.

Paul-Henri Denieuil (Chairman)
Bernd-Hinrich Meyer
Axel Wieandt