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

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2005 | | pagina 13