Among other things, the Audit Committee is responsible for pre-approving all audit and permitted non-audit services and reviewing our overall risk management and control environment, financial reporting arrangements and standards of business conduct.
The Audit Committee comprises:
Tom de Swaan, Chairman
Vice-Chairman of the Supervisory Board
Tom de Swaan (March 4, 1946) is a Dutch national. He was first appointed to the Supervisory Board on May 3, 2007, and his term runs until 2011. Mr. De Swaan is former CFO of ABN AMRO Bank N.V. He also worked for the Dutch Central Bank in various executive positions and was a non-executive director of the Financial Services Authority in London. Mr. De Swaan is a member of the Board of GlaxoSmithKline Plc and a member of the Board of Directors of Zurich Financial Services. He is a member of the Supervisory Boards of Royal DSM and Corporate Express N.V. Mr. De Swaan is Chairman of the Audit Committee of GlaxoSmithKline Plc and Chairman of the Advisory Board of Rotterdam School of Management, Erasmus University.
Karen de Segundo
Karen de Segundo (December 12 1946), is a Dutch national. She was first appointed to the Supervisory Board on June 2, 2004 and her term runs until 2008. Mrs. de Segundo is former CEO of Shell International Renewables and President of Shell Hydrogen and prior to that CEO of Shell International Gas & Power. She is a member of the Board of Jaakko Pöyry Group Oyj and Director of Lonmin Plc and Merrill Lynch New Energy Technology Plc. Mrs. de Segundo is a member of the Eco Advisory Board of General Electric.
Stephanie M. Shern
Stephanie Shern (January 7, 1948) is a U.S. national. She was first appointed to the Supervisory Board on May 18, 2005, and her term runs until 2009. Mrs. Shern was with Ernst & Young for over 30 years, most recently as Vice Chairman and Global Director of Retail and Consumer Products and a member of Ernst & Young's U.S. Management Committee. She is the lead Director of GameStop and a member of the Boards and Chair of the Audit Committees of GameStop, Scotts Miracle-Gro and Embarq. She is also a member of the Compensation Committee of Embarq and a member of the Advisory Board of Pennsylvania State University, School of Business.
Judith Sprieser
Judith Sprieser (August 3, 1953) is a U.S. national. She was first appointed to the Supervisory Board on May 18, 2006 and her term runs until 2010. Mrs. Sprieser is former CEO of Transora, Inc. Prior to founding Transora in 2000, she was Executive Vice President (formerly CFO) of Sara Lee Corporation. She is a director of Allstate Corporation, USG Corporation, Reckitt Benckiser plc and Intercontinental Exchange, Inc. and a member of Northwestern University’s Board of Trustees.