Triodos Bank’s shares and management
Triodos Bank is a European bank with branches in The Netherlands (Zeist), Belgium (Brussels), the United Kingdom (Bristol), Spain (Madrid) and Germany (Frankfurt). The head office is in The Netherlands.
SAAT - Foundation for the Administration of Triodos Bank Shares
Triodos Bank believes it is crucial that its mission and identity is protected. As a result, all Triodos Bank's shares are held in trust by SAAT - the Foundation for the Administration of Triodos Bank Shares. SAAT then issues depository receipts for Triodos Bank shares to the public and to institutions. These depository receipts represent the monetary shares of Triodos Bank NV. In addition, they exercise voting rights for the Triodos Bank NV shares. SAAT's Board of Management's voting decisions are guided by the Bank's ethical goals and mission, its business interests, and the interests of the depository receipt holders.
Triodos Bank depository receipts are not listed on any stock exchange. Instead, the Bank maintains an internal market.
People at Triodos
Triodos Bank could not achieve its mission without the whole-hearted support, effort and commitment of all its co-workers. It will only be able to make a name for itself as a pioneering force in sustainable banking if its co-workers continue to be able to identify with, and make a real contribution towards, the Bank's mission. To this end, our co-workers are not only very closely involved in the development of new products and services for customers but also in the financial, social and environmental performance of Triodos Bank itself.
Click here for brief profiles of the UK management team.
Depository receipt holders
Depository receipt holders are entitled to vote at the Annual General Meeting of depository receipt holders. Each depository receipt holder is limited to a maximum of 1,000 votes. The Annual General Meeting of depository receipt holders appoints the members of the Board of SAAT, based on its recommendations. These recommendations must be approved by Triodos Bank’s Statutory Directors. No depository receipt holder may hold 10 per cent or more of all issued depository receipts.
Triodos Bank has a Supervisory Board , which monitors the Bank’s business operations and advises and assists its Executive Board, to benefit its business interests. New members of the Supervisory Board are appointed by the Annual General Meeting, based on recommendations from the Supervisory Board.
The Executive Board
The daily management of Triodos Bank lies with the Executive Board. The Executive Board consists of the Statutory Directors and one or more managers appointed by the Statutory Directors. The Statutory Directors are formally responsible for the management of Triodos Bank and are appointed by the Supervisory Board.