245 ANNUAL REPORT 2010 SHARPENING OUR FOCUS Accordingly, under normal circumstances the voting power of  Vereniging AEGON, based on the number of outstanding and  voting shares (excluding issued common shares held in treasury  by AEGON N.V.) at December 31, 2010, amounts to approximately  22.8%. In the event of a ‘special cause’, Vereniging AEGON’s  voting rights will increase, currently to 33%, for up to  six months per ‘special cause’. At December 31, 2010, the General Meeting of Members of  Vereniging AEGON consisted of eighteen members. The majority  of the voting rights is with the sixteen members who are not  employees or former employees of AEGON N.V. or one of the  AEGON Group companies, nor current or former members of  the Supervisory Board or the Executive Board of AEGON N.V.  The two other members are both elected by the General  Meeting of Members of Vereniging AEGON from among the  members of the Executive Board of AEGON N.V. Vereniging AEGON has an Executive Committee consisting of  seven members, five of whom, including the chairman and the  vice-chairman, are not nor have ever been, related to AEGON.  The other two members are also members of the Executive  Board of AEGON N.V. Resolutions of the Executive Committee,  To AEGON’s knowledge, only one other party holds a capital  and voting interest in AEGON N.V in excess of 5%. According  to its filing with the United States Securities and Exchange  Commission on February 10, 2011, US-based investment  management firm Dodge & Cox owns over 160 million  common shares. other than with regard to amendment of the Articles of  Association, are made with an absolute majority of the votes.  When a vote in the Executive Committee results in a tie,  the General Meeting of Members has the deciding vote.  With regards to the amendment of the Articles of Association  of Vereniging AEGON, a special procedure is in place to provide  for the need of a unanimous proposal from the Executive  Committee, thereby including the consent of the  representatives of AEGON N.V. at the Executive Committee.  Following the amendment of the Articles of Association as  effected on September 13, 2005, this requirement does not  apply in the event of a hostile change of control at the General  Meeting of Shareholders of AEGON N.V., in which event  Vereniging AEGON may amend its Articles of Association  without the cooperation of AEGON N.V. OTHER MAJOR SHAREHOLDERS DEVELOPMENT OF SHAREHOLDING IN AEGON N.V. Number of shares Common Preferred A Preferred B At January 1, 2010 171,974,055 211,680,000 69,039,000 Exercise rights  - - - AT DECEMBER 31, 2010 171,974,055 211,680,000 69,030,000