132 FINANCIAL STATEMENTS
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED
HEINEKEN N.V. ANNUAL REPORT 2003
33. Related parties
Identity of related parties
Heineken has a related party relationship with its associates and joint ventures (refer note 16), Heineken
Holding N.V., Heineken pension funds (refer note 26) and with its key management personnel (Executive Board
and the Supervisory Board).
Key management remuneration
In millions of EUR 2008 2007
Executive Board
3.3
4.1
Supervisory Board
0.4
0.4
3.7
4.5
Executive Board
The remuneration of the members of the Executive Board comprises a fixed component and a variable
component. The variable component is made up of a Short-Term Incentive Plan and a Long-Term Incentive
Plan. The Short-Term Incentive Plan is based on an organic profit growth target and specific year targets
as set by the Supervisory Board. For the Long-Term Incentive Plan we refer to note 27. The separate
Remuneration report is stated on page 63.
As at 31 December 2008, J.F.M.L. van Boxmeer held 9,244 Company's shares and D.R. Hooft Graafland 6,544
(2007: both 0 shares). D.R. Hooft Graafland held 3,052 shares of Heineken Holding N.V. as at 31 December
2008 (2007: 3,052 shares).
Executive Board
Fixed
Salary
Short-Term
Incentive
Plan
Long-Term
Incentive
Plan*
Other
deferred
benefits
Pension plan
Total
In thousands of EUR
2008
2007
2008
2007
2008
2007
2008 2007
2008
2007
2008
2007
J.F.M.L. van
Boxmeer
750
750
611
1,125
249
207
348
395
1,958
2,477
D.R. Hooft
Graafland
550
550
336
619
149
143
305
311
1,340
1,623
Total
1,300
1,300
947
1,744
398
350
-
653
706
3,298
4,100
The Remuneration reported as part of Long-Term Incentive Plan is based on IFRS accounting policies and does not reflect the value of vested
performance shares. For the LTIP period 2006 - 2008 no performance shares will vest.
Supervisory Board
The individual members of the Supervisory Board received the following remuneration:
In thousands of EUR 2008 2007
C.J.A. van Lede 66 66
J.M. de Jong 52 52
M. Das 52 52
M.R. de Carvalho 50 50
A.H.J. Risseeuw1 - 13
J.M. Hessels 50 50
I.C. MacLaurin 50 50
A.M. Fentener van Vlissingen 50 50
M. Minnick 32
Total 402 383
Only M.R. de Carvalho held 8 shares of Heineken N.V. as at 31 December 2008 (2007: 8 shares). As at
31 December 2008 and 2007, the Supervisory Board members did not hold any of the Company's bonds or
option rights. C.j.A. van Lede held 2,656 and M.R. de Carvalho held 8 shares of Heineken Holding N.V. as at
31 December 2008 (2007: 2,664 shares).
1 Stepped down from the Supervisory Board on 19 April 2007.
