On 1 January 2008 the Principles for Good Pension Fund Governance came into effect. The core of these principles is that the governing body is accountable in respect of fund policy.
The policy conducted must also be clear and transparent. Pensioenfonds Horeca & Catering believes these Principles are highly important and already decided to set up an audit committee with effect from 1 January 2007. Pensioenfonds Horeca & Catering asked the National Register of Supervisory Directors and Supervisory Officials to canvass for audit committee members. The Committee is responsible for internal supervision and monitors the integrity of Pensioenfonds Horeca & Catering.
The audit committee reports to the governing board on internal supervision once per year. These reports record how the board performs its task. The findings of the audit committee are recorded in the Annual Report.