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. 

Board

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.

Members of the Board

Employer representatives

  • G.J.A. Louw, Chair
  • P.A. Morshuis, Interim Chair
  • F.H. Lemmink
  • C.J.M. Omloo

Employee representatives

  • C.J.H. Hes
  • B.C. van der Leer

Pension beneficiary representatives

  • P.H.M. Deiters
  • E.S.E. Werner

April 2017

Accountability Council

The Board of the Pension Fund reports to the Accountability Council annually about the previous year's policy and the manner in which it was administered, as well as policy choices for the future. In addition the Accountability Council is entitled to give advice. The Accountability Council consists of 14 members. The employers, participants and pension beneficiaries are represented by two, four and eight members respectively. The Board appoints the members of the Accountability Council.

The two employer representatives are appointed on the recommendation of Shell Petroleum N.V.

The four representatives of the participants are appointed subject to elections amongst the participants. The Central Staff Council of Shell in the Netherlands is entitled to nominate preferred candidates.

The eight representatives of the pension beneficiaries are appointed subject to elections amongst the pension beneficiaries. VOEKS, the Association of former “Royal Dutch” employees (Vereniging van Oud-Employés der “Koninklijke/Shell”), is entitled to nominate preferred candidates.

Members of the Accountability Council

Employer representatives

  • vacancy
  • M. Michon

Employee representatives

  • B.R. van den Berg
  • J. Lunenborg
  • vacancy
  • J.H.M Taalman

Pension beneficiary representatives

  • J.E. Tutein Nolthenius, Chair
  • J.R. van den Berg
  • W.A. van den Boom
  • D. Bode
  • H.K. Krijgsman
  • M.P.A. Minderhoud
  • R.J. de Roos
  • M. Timmermans

September 2017

Investment Committee

The Investment Committee advises the Board on the investment policy and risk management in respect of investments.

The Board of the Pension Fund sets up the Investment Committee and appoints four members from the Board. At least one of the members is an employer representative. The Investment Committee is assisted by Shell Pensioenbureau Nederland and an independent external investment consultant.

Investment Committee members

  • F.H. Lemmink, Chair
  • P.H.M. Deiters
  • C.J.H. Hes
  • P.A. Morshuis

November 2015

Board of Supervisors

The Board of Supervisors monitors the Board's policy and the general state of affairs at the Pension Fund. The Board consists of at least three and a maximum of four independent external experts. Members of the Board are appointed by Shell Petroleum N.V., which is the (in)direct shareholder of most of the affiliated companies. The Board of Supervisors accounts for the execution of its tasks and authorities in the Annual Report.

Members of the Board of Supervisors

  • H. Kapteijn, Chair
  • W.A.H. Baljet
  • J.A. Nijssen

December 2016

More in The Pension Fund - structure and organisation

Tasks and authorities

The main tasks and authorities of the Board, the Accountability Council, the Investment Committee and the Board of Supervisors.