The role of the Supervisory Board will be to supervise the activities of the management board of eSC ("Management Board"), the general course of affairs of eSC and the business connected with it. It shall assist the Management Board with advice. In accordance with regulatory requirements, when performing their duties, the Supervisory Board members shall act in accordance with the interests of eSC and of the business connected with it. The Supervisory Board is composed in such a way that the members are able to provide the Management Board with advice based on their knowledge and experience in the sector yet at the same time be able to critically reflect on the operations of eSC. 

Additionally, all of the Supervisory Board members must have some of the following experience and skills:
• At least [10] years of working experience within the financial sector and/or payments/cards sector;
• Affinity with the business, services and sector eSC operates in;
• Experience in the financial sector and more specifically the operations of eSC;
• Knowledge of social, legal and economic developments;
• Competence with respect to focus areas: finance, compliance, audit and risk management;
• Analytical thinking and strategic understanding;
• Good interpersonal skills to establish and maintain good working relationship within the Supervisory Board and with the Management Board;
• Be able to assess and challenge the decisions of the Management Board;
• Knowledge of the needs and interests of the different stakeholders (shareholders, clients, employees, regulators, etc.);
• Knowledge of general principles and requirements with respect to administrative organisation and internal control;
• Highest personal and professional integrity and independency;
• A university (or other higher educational) degree; and
• In addition, one member must be independent. 

It is expected that the Supervisory Board will meet at least four times per year or more frequently if required by the needs of eSC. Meetings will be convened and conducted in person in the Netherlands, but may occasionally also take place by video conference. eSC anticipates that the tasks of each Supervisory Board member will take on average [8] hours per month, or such other additional time as the diligent conduct eSC's business may require.