Triodos Bank chooses to protect its social mission by not allowing direct ownership of its shares.
All shares are held in trust by the Foundation for the Administration of Triodos Bank Shares (SAAT). SAAT then issues depository receipts to the public and institutions. These depository receipts mirror the economic aspects of shares in Triodos Bank.
SAAT exercises its voting rights in Triodos Bank. The SAAT Board is guided in its voting decisions by Triodos Bank’s goals and mission, its business interests, and the interests of its depository receipt holders.
Investors in depository receipts are entitled to vote at the annual general meeting of the SAAT, but not of Triodos Bank itself.