Menu portal my BS Search Home FAQ Board of Directors Supervisory Board Council of Rightholders Home > About Buma/Stemra > Governance Code & Governance Model Governance Code & Governance Model Buma/Stemra follows the Supervisory Board model of the Governance Code Culture 2018 and more specifically the Supervisory Board model of VOI©E. Buma/Stemra is characterized by a professional Board of Directors (a General Director/CEO and a Financial Director/CFO) and a Supervisory Board (SB) of 9 persons that supervises the Board of Directors and the general course of business. The Supervisory Board consists of 3 independent persons, a chairman with legal expertise and two members with financial/IT expertise, as well as 6 Buma/Stemra members. In addition, there is an advisory Council of Rightholders (RvR) of 12 people and a general meeting of Buma/Stemra rightholders (GMM) that meets annually. General meeting The General Members' Meeting is the highest body of Buma/Stemra. The General Meeting of Members appoints and dismisses directors, adopts the annual accounts and decides on amendments to the articles of association. The Board and the Supervisory Board are accountable to the General Members' Meeting. The General Meeting of Members can, under certain conditions, delegate part of its powers to the Council of Rightholders. For the mandate in force, see here . Supervisory Board (SB) The supervisory board supervises the policy of the board and general affairs. It also has approval authority for important decisions and the policy plan with associated budget. The Supervisory Board in any case supervises: Decision-making within the board meeting The realization of the objectives The strategy and main risks The results of assessments of internal risk management and control systems Compliance with laws and regulations Preparing the annual accounts and preparing the annual budget In addition, the Supervisory Board can set up committees, including an audit committee. This includes supervision of the administrative organization and the proper functioning of processes and systems. Council of Rightholders The Council of Rightholders advises the board and the Supervisory Board. In addition, the Council of Rightholders prepares the decision-making process at the General Members' Meeting. Board of Directors The strategic policy is drawn up by the board. It then goes to the Supervisory Board for approval. The board is responsible for the ins and outs of the company. Board members are appointed by the general meeting of members and are accountable to the meeting of members and the Supervisory Board. The board works according to the collegial model of decision-making and strives for consensus. Back to previous page Part: