The foam on top of
beer protects the beer
from oxygen, which
can influence the taste
and quality of beer.
To the Shareholders (continued)
Remuneration Executive Board
Appreciation
64
Selection Appointment Committee
Composition: Messrs. Van Lede (Chairman), Das, de Carvalho
and Lord MacLaurin.
The Selection Appointment Committee met four times. In
these meetings the composition and the rotation schedule
of the Supervisory Board were discussed.
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 22 April 2010. 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).
In 2005 the Annual General Meeting of Shareholders
approved the remuneration policy for the Executive Board. In
2007 the Annual General Meeting of Shareholders approved
the first adjustments. In view of the financial crisis, the base
salaries of the Executive Board were frozen and in 2009 no
adjustments to the policy were made.
Details of the policy and its implementation are described
on page 65.
The adjustments to the revised remuneration policy, as from
1 January 2010, will be submitted for approval to the Annual
General Meeting of Shareholders on 22 April 2010. The
adjustments are described on page 69.
2009 was not an easy year, particularly in view of the genen 1
economic circumstances. Much attention was given to the
integration of the acquired businesses, to Total Cost
Management and to cash flow management. The Supervisor'
Board wishes to express its gratitude to the members of the
Executive Board and all Heineken employees for their
dedication and contributions to strong results in 2009.
Supervisory Board Heineken N.V.
Van Lede
De Jong
Das
de Carvalho
Hessels
Fentener van Vlissingen
MacLaurin
Minnick
Navarre
Amsterdam, 22 February 2010
Did you know:
Annual Report 2009 - Heineken N.V.
