NN Group is managed by a disciplined, highly motivated and experienced team. The members of NN Group's executive team on average have over 22 years of experience in the financial services industry and had significant and varied roles in the financial services industry. The executive team comprises of a strong combination of new members, and members who have long tenures with NN Group and its previous parent company ING Group, and as a result a deep knowledge of NN Group’s business. The team has developed NN Group’s strategy and is committed to its execution and implementation going forward.
NN Group recognises the importance of good corporate governance. The governing bodies comprise of a statutory Executive Board (Raad van Bestuur), a Management Board and a Supervisory Board (Raad van Commissarissen). The Executive Board is entrusted with the management, the strategy and the operations of NN Group under the supervision of the Supervisory Board. As of 7 July 2014, the Executive Board of NN Group comprises of Lard Friese, chairman and chief executive officer, and Delfin Rueda, chief financial officer.
The Management Board is entrusted with the day-to-day management of NN Group and the overall strategic direction of NN Group. In performing its duties, the Management Board must carefully consider and act in accordance with the interests of NN Group and its associated business, taking into consideration the interests of all the stakeholders of NN Group. The members of the Management Board acknowledge that the authority to manage NN Group is vested in the Executive Board as a whole, notwithstanding that each of the members of the Management Board is responsible and accountable towards the Executive Board and within the Management Board for the specific tasks as assigned. The Management Board, through the Executive Board, is required to keep the Supervisory Board informed on important matters and the members of the Management Board will attend Supervisory Board meetings if so requested.