129
35. Related parties
Identification 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 28), Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) and with its key management personnel
(Executive Board and the Supervisory Board).
Key management remuneration
n millions of EUR20102009
5.6
jpervisory BoardCL50.4
6.1 4.6
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
financial and operational measures and on individual leadership targets as set by the Supervisory Board. It will be subject to the
approval of the General Meeting of Shareholders to be held on 21 April 2011. It is partly paid out in shares that are blocked over a
period of five calendar years. For the Long-Term Incentive Plan see note 29. The separate remuneration report is stated on page 53.
As at 31 December 2010, J.F.M.L. van Boxmeer held 9,244 Company shares and D.R. Hooft Graafland 6,544 (2009: 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 2010 (2009: 3,052 shares).
Executive Board
Fixed Salary
Short-Term
Incentive Plan
Long-Term
Incentive Plan*
Pension Plan
Total
n thousands of EUR
2010
2010
2009
2010
2009
2010
2009
2010
2009
.F.M.L. van Boxmeer
9.R. Hooft Graafland
950
650
750
550
1,306
670
1,125
619
595
326
303
167
464
404
379
315
3,315
2,050
2,557
1,651
Total
1,600
1,300
1,976
1,744
921
470
868
694
5,365
4,208
The remuneration reported as part of Long-Term Incentive Plan is based on IFRS accounting policies based on target shares and does not reflect the value of vested
performance shares.
supervisory Board
The individual members of the Supervisory Board received the following remuneration:
thousands ot UR20102009
67
35
52
AR. de Carvalho 53
50
M.dejong 53
.M. Fentener van Vlissingen 50
48
V.C.O.B.J. Navarre 48
i.G. Astaburuaga Sanjinés** 35
t.C. MacLaurin* 1550
Total 506 446
Stepped down as at 22 April 2010.
Appointed as at 30 April 2010.
M.R. de Carvalho held 8 shares of Heineken N.V. as at 31 December 2010 (2009: 8 shares). As at 31 December 2010 and 2009, 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 2010 (2009: C.J.A. van Lede 2,656 and M.R. de Carvalho 8 shares).
Heineken N.V. Annual Report 2010
