93 The Supervisory Board is entrusted with the task of supervising and advising  the Executive Board on management of the company, and overseeing Aegon’s  strategy and the general course of its businesses. Governance Report of the Supervisory Board Oversight and advice Executive Board Corporate governance Composition of the Supervisory Board  and Executive Board Supervisory Board Supervisory Board meetings  Attendance The composition of the Board is discussed in meetings of the  Board and in particular by the Nominating Committee. An  overview of the composition in 2013 is included in this report  on pages 96 and 97. In 2013, the term of Mr. Shemaya Levy  expired. He was reappointed for a new term of four years by the  shareholders on May 15, 2013. On the same day shareholders  approved the appointment of Mrs. Dona D. Young to the Board  for a term of four years. In September 2013, Mrs. Karla M.H. Peijs  announced her retirement from the Board on September 30, 2013.  The Board is grateful for her many years of service to Aegon and  the Board. In 2013, the Supervisory Board held a total of seven regular  (face to face) meetings and six additional conference call  meetings. Seven out of the ten members attended all regular  Board meetings and three members missed one meeting.  Attendance details are provided in the table on page 94.  In compliance with the Dutch Corporate Governance Code,  members of the Executive Board are appointed by shareholders  for a term of four years, with the option of reappointment  for further four-year terms. In 2014, no members are due for  reappointment. The appointment schedule for members of the  Executive Board is included in the company’s Executive Board  Rules and posted on Aegon’s corporate website, aegon.com. Details of Aegon’s corporate governance structure and  a summary of the company’s compliance with the Dutch  Corporate Governance Code are on pages 108 to 111 of the  Annual Report and in the Corporate Governance Statement  published on aegon.com.  The Executive Board consists of two members, Mr. Alexander  R. Wynaendts, Chief Executive Officer (CEO), and Mr. Darryl  D. Button, Chief Financial Officer (CFO). Mr. Button was  appointed to the Executive Board for a term of four years by the  shareholders on May 15, 2013, succeeding Jan J. Nooitgedagt as  CFO. The Board extends its gratitude to Jan Nooitgedagt, who  joined Aegon as CFO in 2009 during the financial crisis for his  important contributions to steering Aegon to where it is today,  with a strong capital position and solid balance sheet.  All members of the Supervisory Board are considered  independent under the terms of the Dutch Corporate Governance  Code, with the exception of Mr. Kornelis J. Storm. Mr. Storm is  not regarded as independent within the definition of the Code  as he served as Chairman of Aegon’s Executive Board prior to  his retirement in April 2002. Mr. Storm joined the Supervisory  Board in July 2002. He will step down from the Supervisory  Board at the Annual General Meeting in May 2014 at the end  of his third and last term. On February 20, 2014, Mr. Antony  Burgmans announced that he will step down from the Board  as per April 1, 2014, in order to comply with the Dutch Act on  Management and Supervision (“Wet bestuur en toezicht”). In performing their duties, the members of the Supervisory  Board are guided by the interests of Aegon and the company’s  stakeholders. The Supervisory Board is a separate corporate  body, independent of the Executive Board. The Supervisory Board  consists of nine members (for further details of the individual  members of Aegon’s Supervisory Board, please see pages 99 and  100). The Supervisory Board makes recommendations to the  General Meeting of Shareholders concerning all appointments  and reappointments to, and dismissals from, both the Executive  Board and the Supervisory Board. In addition, the Supervisory  Board determines the remuneration of individual members  of the Executive Board in line with the Remuneration Policy  adopted at the company’s General Meeting of Shareholders.  Overall accountability for Aegon's remuneration governance  also sits with the Supervisory Board, such to be advised by  its Compensation Committee. This includes the responsibility  for designing, approving and maintaining the Aegon Global  Remuneration Framework, including the remuneration policies  for the Executive Board, Identified Staff and for staff in Control  Functions.