Composition of the Supervisory Board and Management Board

The members of the Supervisory Board together represent a broad range of experience and expertise that is in line with the desired Supervisory Board profile in view of GrandVision’s business and complies with the Dutch Corporate Governance Code. The Supervisory Board currently comprises five members, whose profiles are provided under Supervisory Board in the chapter Governance.

All Supervisory Board members, except for one, as permitted by the Dutch Corporate Governance Code best practice provision III.2.2, qualify as independent. Mr. Groot does not satisfy all independence criteria.

At the end of the Annual General Meeting on April 29, 2016, the first term of Willem Eelman expired. Mr. Eelman was eligible and available for reappointment and complied with the profile of the Supervisory Board. In view of Mr. Eelman’s extensive experience, knowledge, dedication and valuable input during the Supervisory Board meetings, the Supervisory Board issued a non- binding nomination for re-appointment. During the Annual General Meeting of April 29, 2016, Willem Eelman was re-appointed to the Supervisory Board for an additional term of four years.

During 2016, no changes took place in the composition of the Management Board.

Diversity, including gender, remains an important consideration in the selection process for the appointment and reappointment of Management Board and Supervisory Board members, at the same time, quality, expertise and experience remain the key priorities. Diversity in the broad sense is a topic on the Supervisory Board Agenda and is also discussed in the Nomination Committee.