65
HEINEKEN N.V. ANNUAL REPORT 2008
Remuneration Supervisory Board
The amounts paid to the members of the Supervisory Board
are stated on page 132 of the financial statements. These
amounts came into force in 2006. The General Meeting of
Shareholders determines the remuneration of the
Supervisory Board.
Shares held by the Supervisory Board
As at 31 December 2008, Mr. de Carvalho held 8 shares in
Heineken N.V. The other Supervisory Board members do not
hold any of the Company's shares, convertible bonds or
option rights. As at 31 December 2008 Mr. Van Lede held
2,656 shares in Heineken Holding N.V. and Mr. de Carvalho
held 8 shares in Heineken Holding N.V.
A justments to the Remuneration policy
for the Executive Board as from 2009
e Supervisory Board adopted the following adjustments to
remuneration policy as from 2009, which are submitted
the Annual General Meeting of Shareholders for approval,
e key principles of the 2005 remuneration policy (and
ustments in 2007) will not change, but fixed and variable
y are adjusted to be in line with a new Labour Market Peer
oup (LMPG).
Labour market peer group
Through acquisitions and new brewery constructions over
2007 and 2008 Heineken has built positions in new markets,
and strengthened positions in some existing markets. In this
way the footprint of the Company has changed considerably
over the last two years. To reflect this, a new LMPG has been
adopted changing from a predominantly Dutch peer group to
a broader group of European- and UK-based multinational
companies operating in the brewing and branded consumer
products sectors:
Labour market peer group as from 2009
Akzo Nobel (NL),
Anheuser-Busch Inbev (B),
Cadbury (UK),
Carlsberg (DK),
Danone (F),
Diageo (UK),
Henkei (G),
LVMH (F),
Nestlé (CH),
L'Oréal (F),
Reckitt Benckiser (UK),
Koninklijke Philips (NL),
SABMiller (UK),
Unilever (NL).
L ig-term Incentive Plan Awards
Remuneration data from the peer group companies is scaled
to reflect the size of Heineken, a technique commonly used
by independent remuneration experts.
Awards Awards
At 1 granted vesting
January during during
2008 the year the year
Number Number Number
Awards Target level
At 31 value of
during December awards at
the year 2008
Number Number in thousand EUR
V Boxmeer
005
'.006
2007
008
E oft Graafland
'005
2006
2007
008
14,244
15,777
20,816
13,250
JL2.136
11,449
14,244*
16,960
13.2501
9,328
15,7772
20,816
16,960
12.1362
11,449
9,328
349
423
750
750
325
325
412.5
412.5
is number is the gross entitlement. As Heineken N.V. fulfilled the tax payment obligations related to vesting on their behalf, the amount of Heineken N.V. shares
ceived was a net amount (9,244 shares for Mr. Van Boxmeer and 6,544 shares for Mr. Hooft Graafland).
ne of these awards will vest.
