To the Shareholders (continued)
Executive Board composition
and remuneration
Remuneration
Appreciation
O O Qs
Report of the Executive Board
Report of the Supervisory Board
Composition
Best practice provision 2.2.1 of the Code
recommends that an Executive Board member
is appointed for a period of four years and that a
member may be reappointed for a term of not more
than four years at a time. In compliance with this
best practice provision, the Supervisory Board has
drawn up a rotation schedule in order to avoid, as
far as possible, a situation in which Executive Board
members retire at the same time.
Mr. Jean-Franqois van Boxmeer was initially
appointed for an indefinite term in 2001 and was
reappointed for a period of four years in 2017. Mrs.
Laurence Debroux was reappointed for a period of
four years in 2019.
Pursuant to Dutch law, the Supervisory Board shall
pursue that on the Executive Board at least 30% of
the seats shall be held by men and at least 30% by
women. The current composition of the Executive
Board is compliant with this target. HEINEKEN also
strives to appoint a well-balanced mix of men
and women to its senior management. We note
that there may be various pragmatic reasons -
such as other relevant selection criteria and the
availability of suitable candidates - that could play
a complicating role in achieving a well-balanced
mix of men and women to its senior management,
at least in the short term.
The AGM approved the current remuneration policy
for the Executive Board in 2011 and approved
amendments in 2014 and 2017. Details of the
policy and its implementation are described in
the Remuneration Report. A revised remuneration
policy is proposed for approval to the 2020 AGM,
to comply with the Dutch law implementing the
European Shareholders Rights Directive.
The Supervisory Board wishes to express its
gratitude to the members of the Executive Board
and all HEINEKEN employees for their hard work
and dedication in 2019.
Supervisory Board Heineken N.V.
Huët Astaburuaga Sanjinés
Fernandez Carbajal Mars Wright
Das Helmes
de Carvalho Ripley
Navarre Arnold
Amsterdam, 11 February 2020
Heineken N.V. Annual Report 2019
Heineken N.V. Annual Report 2019
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