07.
Supervisory Board Heineken N.V.
Van Lede de Carvalho
De Jong Risseeuw
Das Hessels
Amsterdam, 21 February 2006
Audit Committee
Composition: Messrs. Dejong (Chairman), Risseeuw
and Hessels.
The members collectively have the experience
and financial expertise to supervise the financial
statements and the risk profile of Heineken N.V.
The Chairman of the Executive Board and the
member of the Executive Board responsible for
Finance and Control Accounting attended all
meetings, as well as the external auditor, the
Director Group Control Accounting and the
Group Internal Auditor. The Audit Committee met
three times to discuss the regular topics, such as
the annual and half-year results, the risk profile and
risk management, the report of the external auditor
and the report from the Group Internal Auditor.
The functioning of the external auditor was
discussed, based on an assessment conducted
in the organisation, with the Chairman of the
Supervisory Board and with the members of the
Audit Committee. The outcome of that discussion
was positive.
The external auditor was appointed in the Annual
General Meeting of 2003 for a five-year period.
Based on the outcome of the assessment, there
is no reason to consider an early termination
of the contract.
Selection Appointment Committee
Composition: Messrs. Van Lede (Chairman), Das and
de Carvalho.
The Selection Appointment Committee met
three times. In these meetings the composition
of the Supervisory Board and the rotation schedule
was discussed. Furthermore, the committee
prepared the evaluation of the Executive Board
and Supervisory Board for discussion in a full
Supervisory Board meeting.
Remuneration Committee
Composition: Messrs. Das (Chairman), Van Lede and
de Carvalho.
The Remuneration Committee met four times to
discuss the target setting for the Short-Term and
Long-Term Incentive Plans for the Executive Board
and to discuss a revised pension policy for the
members of the Executive Board.
Appreciation
The Supervisory Board would like to take this
opportunity to express its gratitude to the
Executive Board and all Heineken employees for
their contribution and commitment during 2005.
Heineken N.V. - Annual Report 2005