61
HEINEKEN N.V. ANNUAL REPORT 2008
Remuneration Committee
Composition: Messrs. Das (Chairman), Van Lede and
de Carvalho.
The Remuneration Committee met six times. The
Remuneration Committee discussed the adjustments
to the remuneration policy for the Executive Board. The
adjustments will be submitted to the Annual General Meeting
of Shareholders on 23 April 2009. They also reviewed the
target setting and payout levels for the annual bonus and
the long-term incentive plan for the Executive Board
(Heineken N.V. shares).
Remuneration Executive Board
In 2005 the Annual General Meeting of Shareholders
oproved the remuneration policy for the Executive Board,
yery two years the policy is evaluated. In 2007 the Annual
eneral Meeting of Shareholders approved the first
adjustments.
etails of the policy and its implementation are described
i page 63 of this Annual Report. The current pension
heme was introduced in 2006.
Appreciation
Given the particularly challenging year 2008 for the
Company, not only because of the historic acquisition
of a part of Scottish Newcastle, but also in view of the
deteriorating trading conditions, the Executive Board and
all employees have shown remarkable resilience based on
their strong loyalty to the Company.
The Supervisory Board wishes to express its gratitude to the
members of the Executive Board and all Heineken employees
for their contributions in 2008.
Supervisory Board Heineken N.V.
Van Lede
DeJong
Das
de Carvalho
Hessels
Fentener van Vlissingen
MacLaurin
Minnick
he adjustments to the revised remuneration policy, as
om 1 January 2009, will be submitted for approval to the
nnual General Meeting of Shareholders on 23 April 2009.
ie policy is described on page 65 of this Annual Report,
ne structure of the revised remuneration policy does not
intain significant changes and aims to ensure that highly
jalified managers can be attracted and retained as members
the Executive Board. The package includes a base salary,
i annual bonus and a long-term incentive scheme.
