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Members’ report

The members (i.e. partners) present their report and financial statements for the year ended 30 June 2016.

Principal activity
Ernst & Young Nederland LLP (hereinafter: “EYNL”) provides assistance and coordinating leadership to Ernst & Young Accountants LLP and Ernst & Young Belastingadviseurs LLP and other EY entities in the Netherlands in order to optimize their shared course of business and practices and promote their joint strategy. EYNL carries out its operations in the Netherlands but does not provide services to clients. The individual entities consolidated in these accounts as of 30 June 2016 are detailed in Note 25 to the accounts.

Board of Directors
The Board of Directors was led by Marcel van Loo, Chairman of EYNL. For the period under approval (1 July 2015 – 30 June 2016) of the financial statements, the Board of Directors furthermore comprised of:
− Jeroen Davidson
− Michèle Hagers.

As of 1 July 2016, the Board of Directors is led by Coen Boogaart, the new Chairman of EYNL. As of that date, the Board of Directors furthermore comprises of:
− Jeroen Davidson
− Michèle Hagers.

All members of the Board of Directors are - through their private limited liability companies (BV) - members of EYNL.

The Chairman of EYNL is appointed by the Chairman of Ernst & Young Europe LLP (hereinafter: “EY Europe”), after appropriate sounding with the members of EYNL and with the consent of the Europe Operating Executive (“EOE”) of EY Europe, after a binding nomination by the Supervisory Board. The other members of the Board of Directors are appointed by the EOE, after a binding nomination by the Supervisory Board.

The Board of Directors is responsible for the day-to-day management and for exercising the duties and powers as determined by the Fundamental Rules and Regulations of EYNL.

Designated members of EYNL for the year ended 30 June 2016 were:
− Drs. M.A. van Loo B.V.
− Mr. J.L. Davidson Belastingadviseur B.V.
− Drs. M. Hagers B.V.

Designated members of EYNL as of 1 July 2016 are:
− Drs. C.B. Boogaart B.V.
− Mr. J.L. Davidson Belastingadviseur B.V.
− Drs. M. Hagers B.V.

Supervisory Board
EYNL has a Supervisory Board as from 1 July 2015. The Supervisory Board is led by Pauline van der Meer Mohr. For the period under approval (1 July 2015 – 30 June 2016) of the financial statements, the Supervisory Board furthermore comprised of:
− Steven van Eijck
− Monique Maarsen
− Jean-Yves Jégourel
The Supervisory Board currently has one vacant position.

The EOE appoints the members of the Supervisory Board, after a nomination by the Supervisory Board.

The duties of the Supervisory Board are the supervision of the policies pursued by the Board of Directors and the general affairs of EYNL and its affiliated professional practices in the Netherlands. The supervision of the Board of Directors with regard to the policies and the general affairs of professional practices other than EYA is one of the Supervisory Board’s duties only to the extent that such policies and general affairs affect audit quality, the way in which the audit firm safeguards the public interest and compliance with independence rules and other codes of conducts. The Supervisory Board has adopted a Charter describing its duties and powers.

Auditor
BDO LLP was appointed auditor to EYNL for the year ended 30 June 2016.