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)
Executive Board (EB)
The EB consists of two members under the supervision of the SB. The SB has the authorisation to suspend EB members.
- CEO – chief executive officer
- CFO – chief financial officer
EB Committees are formed by at least one EB member and one or more Directors to advise on specific subjects.
The management committee supports the EB on a weekly basis with tailored advice 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.
The Corporate Social Responsibility committee makes proposals and recommendations regarding corporate responsibility, policy and developments, reporting and stakeholder engagement. CEO is chair.
The International Finance committee makes proposals and recommendations regarding operational finance and administrative policy, projects and developments. CFO is chair.
The Information and Communication Technology committee makes proposals and recommendations regarding ICT policy, projects and developments. CFO is chair.
- Investment Council (Corporate Director IPM is chair)
- Innovation Council (Managing Director Innovation is chair)
Q-Park follows the regulations for works councils 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.
- Developing strategy
- 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
Within Q-Park we have defined a region as a group of countries with a distinct culture, business model and economic strength. Region management enables us to ensure greater quality of the services provided to the parking customer and our business partners, while improving efficiency and effectiveness through shared services and increased standardisation.
- Region Mid - Netherlands and Germany
- Region South - France and Belgium
- Region West - United Kingdom and Ireland
- Region North - Sweden, Denmark, Norway and Finland
Country Management consists of a Managing Director (MD) and a Finance Director (FD) who may only take material decisions together, thus always applying the four-eyes principle.
Together with the EB, corporate management discusses the medium to long-term corporate strategies and policies. Corporate management assigns responsibilities to oversee the performance of functional areas and progress of business projects.
Provision of information
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, it is the result of appointing the most suitable person to a vacant position.