Heineken N.V. Annual Report 2004 Report of the Supervisory Board Performance Peer Group Anheuser-Busch Carlsberg InBev SABMiller Scottish Newcastle Henkel L'Oreal LVMH/PPR Nestle Numico Unilever Employment contracts New contracts of employment will be agreed with the Executive Board. These contracts will include a notice period of 3 months for the Board member and 6 months for the Company. In the new con tracts, similar to the previous contracts, there will be no appointment period and exit arrangement. This is not in line with the Dutch Corporate Governance Code. Best practice provision II.1.1, governing the appointment period of Executive Board members, and provision 11.2.7, governing the exit arrange ment for Executive Board members, cannot be complied with for as long as compliance to these provisions implies a violation of Dutch Law. The Supervisory Board would like to express its thanks to the Executive Board and all the employees for their contribution and commitment in the year 2004. Appreciation Amsterdam, 21 February 2005 Supervisory Board Van Lede De Jong Das de Carvalho Risseeuw Hessels

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2004 | | pagina 24