Governance
How Terravek Systems N.V. is governed, and the policies that sit behind it.
Structure
Terravek Systems N.V. is a Dutch naamloze vennootschap operating a two-tier board structure. The Executive Board manages the company. The Supervisory Board appoints and supervises the Executive Board, approves the annual accounts, the operating plan and material transactions, and comprises six members of whom five are independent.
Independence and reporting lines
Two functions have reporting lines deliberately independent of the executive chain:
- The Data Protection Officer, Marijke Ottevanger, reports to the CEO administratively but has a direct, unimpeded line to the Supervisory Board as required by Article 38 GDPR.
- The Chief Information Security Officer, Ingrid Halvorsen, holds a standing quarterly slot with the Audit Committee independent of the executive reporting line.
Internal audit was separated from the quality organisation in 2022 following an Audit Committee review, and is run by an independent contractor, Helena Vos.
Policies
| Policy | Owner | Reviewed | Published |
|---|---|---|---|
| Code of Conduct | Owen Radcliffe | Annually | Internal + summary |
| Information Security Policy | Ingrid Halvorsen | Annually | Yes |
| Privacy & Data Protection | Marijke Ottevanger | Annually | Yes |
| Dual-use & export control | Owen Radcliffe | Annually | Yes |
| Anti-bribery & corruption | Owen Radcliffe | Biennially | Internal |
| Whistleblowing | Nadia El-Amrani | Biennially | Yes |
| Supplier Code of Conduct | Halil Yıldırım | Biennially | Yes |
| Modern slavery statement | Owen Radcliffe | Annually | Yes |
| Research ethics & imagery review | Élodie Marchand | Annually | Yes |
Raising a concern
Terravek operates a whistleblowing channel that reports to the Chair of the Audit Committee and bypasses management entirely. It accepts anonymous reports. How to use it.
Related
Investor relations · Annual reports · Certifications · Legal notices