Arcadis NV is a public limited liability company (Naamloze Vennootschap) under Dutch law.
The Company is managed by the Executive Board consisting of the CEO and the CFO, under supervision of the Supervisory Board. In 2018, Arcadis introduced the Executive Leadership Team (“ELT”) consisting of the CEO, the CFO and seven executives with clear accountability to deliver on all components of the strategy.
Since 2003, Arcadis has been an international holding company. Members of the Executive and Supervisory Boards are appointed and dismissed by the general meeting of shareholders (the “General Meeting”).
The General Meeting can amend the Articles of Association, if and as proposed by the Executive Board, with prior approval of the Supervisory Board and the Arcadis Priority Foundation. Such a decision requires a majority of at least three-quarters of the votes cast in a meeting in which at least three-quarters of the issued share capital is represented. If the quorum is not met, a second meeting is required, in which the resolution can be adopted by a majority of at least three-quarters of the votes, regardless of the share capital represented in the meeting.
Related party transactions
From time to time Arcadis enters into transactions with related parties. These transactions are conducted on an arm's length basis with terms comparable to transactions with third parties. Intercompany transactions, balances and unrealized gains on transactions between group companies are eliminated on consolidation. For an overview of transactions with related parties in 2019 reference is made to the Annual Integrated Report 2019, page 246-247.
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