This chapter describes a.s.r.’s corporate legal structure and governance. ASR Nederland N.V. is a public limited company, listed on Euronext Amsterdam and is subject to Dutch corporate law. ASR Nederland N.V. is the parent undertaking of the ASR Group (the ‘Group’) and has a two-tier board structure. See sections 5.1.3 and 5.1.4 for more information on the board governance structure.

Corporate structure

ASR Nederland N.V. is the Group’s ultimate holding company.

A personal union exists between the statutory boards of ASR Nederland N.V. on the one hand and the insurance entities ASR Levensverzekering N.V., Aegon Levensverzekering N.V., Aegon Spaarkas N.V. and ASR Schadeverzekering N.V. on the other hand, through cross-memberships of the Executive and Supervisory Boards of ASR Nederland N.V. and the other entities. A personal union also exists between the Executive Board of Aegon Hypotheken B.V. and ASR Nederland N.V.’s EB.

ASR Premiepensioeninstelling N.V. is an Institution for Occupational Retirement Provision (IORP). ASR Vermogensbeheer N.V. and ASR Real Estate B.V. are licensed Alternative Investment Fund Managers (AIFM) subject to the AIFM Directive. ASR Vooruit B.V. operates as an investment firm, pursuant to the MiFID (Markets in Financial Instruments Directive) and has a license as an insurance intermediary (pursuant to the Dutch Financial Services Act (Wet op het financieel toezicht). D&S Holding B.V. operates as an intermediate holding company for most of the entities within the segment Distribution & Services.

For the full ASR Nederland N.V. structure, see section 7.4.1.