The standing committees of the Board are the Audit Committee, the Human Resources and Compensation Committee and the Nominating, Governance and Sustainability Committee.
All members of the committees are independent directors, as defined in the applicable Nasdaq listing standards for purposes of the respective committee membership, applicable Securities and Exchange Commission (SEC) rules and the Dutch Corporate Governance Code (DCGC).
In addition, the Board has determined that all audit committee members are able to read and understand fundamental financial statements in accordance with Nasdaq listing standards and that all current members of the audit committee meet the SEC’s definition of “audit committee financial expert” as that term is defined in Item 407(d) of Regulation S-K.