35- Belated parties
Identification of related parties
Key management remuneration
Executive Board
Executive Board
Supervisory Board
144
Financial Statements
Notes to the consolidated financial statements
Heineken has a related party relationship with its associates and joint ventures (refer note 16), Heineken Holding
N.V., Heineken pension funds (refer note 28) and with its key management personnel (Executive Board and the
Supervisory Board).
In millions of EUR2009 2008
Executive Board
4.2
3.2
Supervisory Board
0.4
0.4
4.6
3.6
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 see note 29. The separate Remuneration Report is stated
on page 65.
As at 31 December 2009, J.F.M.L. van Boxmeer held 9,244 Company's shares and D.R. Hooft Graafland 6,544
(2008: J.F.M.L. van Boxmeer 9,244 and D.R. Hooft Graafland 6,544 shares). D.R. Hooft Graafland held 3,052 shares
of Heineken Holding N.V. as at 31 December 2009 (2008: 3,052 shares).
Short-Term Long-Term
Fixed Salary Incentive Plan Incentive Plan* Pension Plan Total
In thousands of EUR2009 2008 2009 2008 2009 2008 2009 2008 2009 2008
J.F.M.L. van Boxmeer
750
750
1,125
611
303
249
379
287
2,557
1,897
D.R. Hooft Graafland
550
550
619
336
167
149
315
247
1,651
1,282
Total
1,300
1,300
1,744
947
470
398
694
534
4,208
3,179
The remuneration reported as part of the Long Term Incentive Plan is based on IFRS accounting policies and does not reflect the value of vested
performance shares.
The individual members of the Supervisory Board received the following remuneration:
In thousands of EUR 2009 2008
C.J.A. van Lede 66
J.M. dejong 52 52
M. Das 52 52
M.R. de Carvalho 50 50
J.M. Hessels 50 50
I.C. MacLaurin 50 50
A.M. Fentener van Vlissingen 50 50
M. Minnick 45 32
V.C.O.B.J. Navarre 31
Total446 402
Only M.R. de Carvalho held shares (8) of Heineken N.V. as at 31 December 2009 (2008: 8 shares). As at
31 December 2009 and 2008, 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 2009 (2008: C.J.A. van Lede 2,656 and M.R. de Carvalho 8 shares).
Annual Report 2009
- Heineken N.V.
