The Pension Fund's official name is: Stichting Shell Pensioenfonds (SSPF). It is a foundation constituted under Dutch law, with its registered office at Carel van Bylandtlaan 30, 2596 HR Den Haag. SSPF is registered with the Chamber of Commerce under No. 41151226.
The Pension Fund is managed by the Board of Administrators. The Board of Supervisors monitors the policy and the general state of affairs at the Pension Fund. The Accountability Council ensures employee and pension beneficiary participation, the employer also participates. Every year the Board accounts for its execution of policy to the Accountability Council. The Pension Fund also has an Investment Committee.
The way in which the Shell Pension Fund is structured and managed (governance) must meet statutory requirements and the "Pension Fund Code of Governance”. The Constitution contains detailed information about the Pension Fund organisation.
The Pension Fund is managed by the Board. The content of the pension schemes is established during the meetings of the employer and employees to discuss the terms and benefits of employment and is laid down in the Regulations.
The Board comprises eight members who are appointed by the Board.
Four Board Members represent the employer. They are appointed on the recommendation of Shell Petroleum N.V., which is the (in)direct shareholder of most of the affiliated companies.
Two Board Members represent the employees. They are appointed on the recommendation of the Central Staff Council of Shell in the Netherlands.
Two Board Members represent the pension beneficiaries. They are appointed on the recommendation of the representatives of the pension beneficiaries in the Accountability Council.
In the fulfilment of its tasks, the Board must ensure that all stakeholders feel as though they are fairly represented.
|Employer representatives||Employee representatives||Pension beneficiary representatives|
|G.J.A. Louw, |
|C.J.H. Hes||P.H.M. Deiters|
|P.A. Morshuis, |
|B.C. van der Leer||E.S.E. Werner|
|F.H. Lemmink |
|C.J.M. Omloo |