"Compliance with the Code in 2017 Fugro applies the principles and best practices of the Code, except for the following and for the reasons set out below. A full overview (‘comply or explain’-report) of Fugro’s compliance with the Code in 2017 is posted on Fugro’s website, as are the rules governing the internal proceedings of the Board of Management and of the Supervisory Board (including its three committees). Principle 4.4 Maintaining its role as independent service provider is crucial for Fugro (see ‘Protective measures’ on page 68 for further explanation). One of the ways to safeguard this independence is share certification. Although the Code provides that the certification structure is not meant as a protective measure, Fugro has chosen, in the interest of its clients to also view the certification structure as part of its protective measures. When carrying out assignments Fugro often receives or can have access to extremely confidential information. Fugro can only perform its assignments if it can safeguard the confidential nature of such information towards its clients. Furthermore, it is strategically extremely important for Fugro that it is able to maintain its position as an independent service provider and to deter influences in conflict with these interests which might affect the independent position or the continuity and identity of Fugro and its group companies. At this moment, Fugro does not intend to change this. The second reason for the certification structure is the prevention of possible harmful effects as a result of absenteeism in the shareholders’ meetings of Fugro. Fugro considers it not to be in the interest of its stakeholders in general that through absenteeism an accidental majority can, based only on its own interest, force through its opinion. Preventing this, ties in with this Principle 4.4."