109 Committees Executive Board Capital, significant shareholders and  exercise of control The capital of the company Composition of the Executive Board Management Board Significant shareholdings The Supervisory Board also oversees the activities of several of  its committees. These committees are composed exclusively of  Supervisory Board members and deal with specific issues related  to Aegon’s financial accounts, risk management strategy,  executive remuneration and appointments. These committees are: Aegon’s Executive Board is charged with the overall management  of the company and is therefore responsible for achieving  Aegon’s aims, strategy and associated risk profile, as well  as overseeing any relevant sustainability issues and the  development of the company’s earnings. Each member has  duties related to his or her specific area of expertise.  As a publicly listed company, Aegon is required to provide the  following detailed information regarding any structures or  measures that may hinder or prevent a third party from acquiring  the company or exercising effective control over it. Aegon has authorized capital of EUR 1,080 million, divided  into 3 billion common shares and 6 billion common shares B,  each with a par value of EUR 0.12. At the end of 2013, a total  of 2.131.458.863 common shares and 579.005.440 common  shares B had been issued.  Depository receipts for Aegon shares are not issued with the  company’s cooperation. Each common share carries one vote. There are no restrictions  on the exercise of voting rights by holders of common shares,  whether regarding the number of votes or the time period in  which they may be exercised. Aegon’s Articles of Association determine that for certain  decisions the Executive Board must seek prior approval from the  Supervisory Board and/or the approval of the General Meeting of  Shareholders. In addition hereto, the Supervisory Board may also  subject other Executive Board decisions to its prior approval. The Executive Board of Aegon has two members: Alex Wynaendts,  who is Chairman of the Executive Board and Chief Executive  Officer, and Darryl Button, who is member of the Executive Board  and Aegon’s Chief Financial Officer. The number of Executive Board members and their terms of  employment are determined by the company’s Supervisory Board.  Executive Board members are appointed by the General Meeting  of Shareholders, following nomination by the Supervisory Board.  The employment contracts with current members of the  Executive Board contain provisions entitling them to severance  payments, should their employment be terminated as a result of  a merger or takeover. The company’s remuneration policy for the  Executive Board limits exit arrangements to a maximum of one  year of salary.  Aegon’s Executive Board is assisted in its work by the company’s  Management Board, which has seven members, including the  members of the Executive Board 1 . Aegon’s Management Board  is composed of Alex Wynaendts, Darryl Button, Mark Mullin,  Marco Keim, Adrian Grace, Gábor Kepecs and Tom Grondin.  Under the terms of the 1983 Merger Agreement 3  as amended in  May 2013, Vereniging Aegon has the option to acquire additional  common shares B. Vereniging Aegon may exercise its call option  On December 31, 2013, Vereniging Aegon, Aegon’s largest  shareholder, held a total of 292.687.444 common shares and  579.005.440 common shares B.  The financial rights attached to a common share B are one- fortieth (1/40th) of the financial rights attached to a common  share. The financial right attached to the shares of both classes  are otherwise identical. For the purpose of issuance of shares,  reduction of issued capital and the transfer of common shares B,  the value or the price of a common share B will be determined as  one-fortieth (1/40th ) of the value of a common share. For such  purposes, no account will be taken of the difference between  common shares and common shares B in terms of the proportion  between financial rights and voting rights.  All common shares B are held by Vereniging Aegon, the  company’s largest shareholder. Their nominal value being equal  to the nominal par value of a common share implies that common  shares B also carry one vote per share. The voting rights attached  to common shares B are subject to restrictions, however, under  which Vereniging Aegon may cast one vote for every 40 common  shares B it holds in the absence of a Special Cause 2 .  ■ Audit Committee ■ Risk Committee ■ Compensation Committee ■ Nominating Committee 1 For an overview of the members of the Executive Board and of the Management Board, please refer to page 6 and 7. 2 For further information, please see here under for the description of special control rights. 3 The 1983 Merger Agreement, as amended in May 2013, is published on Aegon’s corporate website (aegon.com) 