Q-Park stands for good corporate governance with proper supervision. The duties and responsibilities of executive directors, supervisory board members and shareholders are carefully defined. The Q-Park Governance is anchored in the articles of association.

General Meeting of Shareholders (GMS)

The highest governing body within Q-Park is the GMS. The agenda for the GMS is drawn up by the executive (EB) and supervisory boards (SB). Shareholders are also entitled to place items on the agenda.

Supervisory Board (SB)

The SB consists of seven members. The allocation of tasks, responsibilities, authorisations and the working practices of the SB are documented in regulations which are checked externally.

Executive Board (EB)

The EB consists of two members under the supervision of the SB. The SB has the authorisation to suspend EB members.

The two members of the EB fulfil the roles of:

  • CEO – chief executive officer
  • CFO – chief financial officer

EB Committees

EB Committees are formed by at least one EB member and one or more Directors to advise on specific subjects.

Management committee

The management committee supports the EB on a weekly basis with tailored advise to execute the approved strategy effectively. CEO is chair.

Group steering committee

The group steering committee is formed by the EB and the region directors (RDs) to advise on strategy and evaluate on performance on a quarterly basis. CEO is chair.

CRC committee

The corporate responsibility committee (CRC) makes proposals and recommendations regarding corporate responsibility, policy and developments, reporting and stakeholder engagement. CEO is chair.

IFC committee

The international finance committee (IFC) makes proposals and recommendations regarding operational finance and administrative policy, projects and developments. CFO is chair.

ICT committee

The information and communication technology (ICT) committee makes proposals and recommendations regarding ICT policy, projects and developments. CFO is chair.

EB Councils

EB Councils are formed by multi-disciplinary and/or international team members with specific knowledge and experience, who operate independently of the Executive Board. An appropriate Director is chair.

The councils provide access to best practices, easy-to-use analytics and implementation tools, and tailored advisory support so the Executive Board can execute the approved strategy effectively. There are multiple independent councils among which;

  • Investment Council (Corporate Director IPM is chair)
  • Innovation Council (Managing Director Innovation is chair)

Works council

Q-Park follows the regulations applicable in each country where Q-Park is present. If these require a works council or social delegation, Q-Park will make the appropriate provisions.

Management

Q-Park has short lines of management and a flat consultative structure to ensure good communication within the organisation. Q-Park Corporate Management supports country management and its main tasks are:

  • Developing strategy.
  • Overseeing;
    • strategy implementation,
    • management of the countries,
    • performance of activities that serve the objectives of the business plan,
    • employee remuneration policy in the countries,
    • financing, ICT systems and taxation.
  • Evaluating strategy performance.
  • Managing risk and the relationship with investors.
  • Monitoring house style and brand management.
  • Reporting for shareholders and banks.

Region Management

A region is a group of countries with a distinct culture, business model and economic strength. Region management enable us to ensure greater quality in the services provided to the parking customer and business partners, while improving efficiencies and effectiveness through shared services and increased standardisation.

We have grouped the ten country-specific operational companies into four regions, with each a Region Director (RD):

  • Region Mid - The Netherlands and Germany
  • Region South - France and Belgium
  • Region West - United Kingdom and Ireland
  • Region North - Sweden, Denmark, Norway and Finland

Country Management

Country Management consist of a Managing Director (MD) and a Finance Director (FD) who may only take material decisions together, thus always applying the four-eyes principle.

Corporate Management

Corporate Management together with the EB discuss the medium to long-term corporate strategies and policies, and assign responsibilities to oversee the performance of functional areas and progress of business projects.

Provision of information

Each month country management provides the EB with up to date operational and financial information.

The shareholders are informed regularly about the state of affairs.

Gender balance

A temporary provision in the Management and Supervision (Public and Private Companies) Act requires that large enterprises must balance the appointment of men and women or explain why there is no equilibrium and what measures the organisation intends to take to improve the balance.

At Q-Park, the EB members are men. The appointments are therefore not evenly distributed across the genders. This unbalanced distribution is not Q-Park’s conscious choice, but is the result of appointing the most suitable person to a vacant position.

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