8 June 2026
That was one question leading to debate at this week’s IN-BOARD module, hosted by the INSEAD Directors Network Netherlands at KPMG in Amstelveen.
The session focused on the control & audit aspects for a supervisory board in a context of rising complexity, stakeholder pressure and risk. It positioned the board not only as a governance body but also as a competitive advantage that can support management and add value.
A few insights that stood out:
→ Serap Tutkun
introduced the new “Verklaring Omtrent Risicobeheersing (VOR),” a mandatory part of Dutch listed company reporting under the 2025 update of the Corporate Governance Code. Although it is meant as an assurance tool for Supervisory Board members as well, the group questioned this further formalization of compliance. No doubt a topic for further discussion in our community.
→ Vera Moll took us through the evolution of ESG from a topic of reporting and transparency to a performance and value driver. Climate idealism and compliance may be less prominent today, but many companies clearly see financial risk from more extreme weather events, as well as new business opportunities.
→ Ronald Heil and Rob Wiegertjes provided a cyber intermezzo that was both entertaining and alarming. They showed how easily systems and facilities can be breached. Companies need not only smarter defensive barriers but also a plan for the immediate response to an incident. Systems and processes can only go so far. In the end it is well-prepared people who make the difference.
→ Tom van der Heijden closed by drawing a parallel between the auditor and the supervisory board member. Both roles can only be done well with a full understanding of the business model, active engagement several levels below the CEO and on-site verification.
Thanks Tom and KPMG for the hospitality and for bringing such an inspiring team of presenters together.
The IN-BOARD Programme is a non-executive board programme for INSEAD alumni, by alumni, focused on strengthening governance and board leadership.