The Port of Rotterdam Authority manages, operates and develops the port and industrial area of Rotterdam and is responsible for maintaining a safe and smooth handling of all shipping. The organisation structure of the Port of Rotterdam Authority is consistent with this. The Port of Rotterdam Authority has a turnover of approximately €675 million and employs 1,100 people in a wide range of positions in commercial, nautical and infrastructural areas. The Port of Rotterdam Authority is an unlisted public limited company. The shares in the Port of Rotterdam Authority are held by the Municipality of Rotterdam (approx 70%) and the Dutch government (approx 30%).
The Corporate Governance Code is applicable to listed companies. Although the Port of Rotterdam Authority is an unlisted company, we have chosen to implement the provisions of the Corporate Governance Code wherever possible and relevant to us. The principles and best practices of the Corporate Governance Code recur as often as possible in the various internal regulations, such as the regulations governing the Executive Board and the regulations governing the Supervisory Board. In compliance with the Corporate Governance Code, we have observed the ‘apply or explain’ concept and explained why we believe a number of provisions are less relevant to the Port of Rotterdam Authority. More current information about our Corporate Governance is contained in our Annual Report.