Composition of the Supervisory Board. 5.1.1 As of the date of this Agreement, the Supervisory Board will consist of three (3) up to five (5) members (the "Supervisory Board Members"). Supervisory Board Members shall qualify as 'independent' within the meaning of the Dutch Corporate Governance Code and article 2:270 BW. 5.1.2 The Shareholders shall discuss in good faith who will be recommended for appointment as Supervisory Board Members by the General Meeting based on a nomination by the Supervisory Board. The Supervisory Board Members shall be appointed, suspended and dismissed in accordance with the Articles of Association and the Law.
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Sources: Joint Venture Agreement, Joint Venture Agreement, Joint Venture Agreement