X-Systems, Secure Mobile IoT for Professionals
Corporate governance at the parent company X-Systems B.V., is based on the currently effective legislation, company’s internal regulations, and the Corporate Governance Code for non-listed companies.
According to the two-tier system of governance, the company affairs are managed by a management board, which is in turn supervised by the supervisory board.
Both bodies of governance shall apply the principles of mutual confidence and division and delimitation of responsibility.
Management Board X-Systems
The management board shall manage company affairs independently, at own responsibility and to the benefit of the company, while reporting regularly to the supervisory board.
Members of the management board are assigned their responsibilities, or fields of work, by the supervisory board, in compliance with the relevant organizational rules. When appointing the management board membership, the supervisory board shall consider their professional knowledge, work experience, management and leadership abilities, and the ability to coordinate various activities within the X-Systems Group.
Supervisory Board X-Systems
The supervisory board shall select, appoint, and dismiss the Management Board members. The composition of the Supervisory Board is defined in the articles of association of the company X-Systems B.V., and the organization of the supervisory board’s work is defined in the Rules of Procedure for the supervisory board.
The supervisory board oversees operations of X-Systems Group, within the powers and a responsibility, established by the law regulations and the statute of the main company X-Systems B.V., and performs other tasks within its competence. The supervisory board focuses on the business and financial development of the X-Systems Group and the main company X-Systems B.V., on significant business affairs and achievements of the overall strategic and business directions.
Shareholders Assembly X-Systems
Shareholders assembly is the company’s highest body of the X-Systems governance. At the assembly, X-Systems shareholders directly assert their rights as they decide on changes to the articles of association. The management board shall convene the shareholder’s assembly at least once per year.
X-Systems, Mobile IoT Security by Professionals for Professionals