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Remuneration Report 2020
Summary overview of remuneration elements
Heineken N.V.
Annual Report 2020
Introduction
Report of the
Executive Board
Report of the
Supervisory Board
The Supervisory Board remuneration policy is simple and transparent in design, and consists of the following
key elements:
Element Purpose Description
Base Board - Supervisory Board members receive
Fees a fixed cash compensation for
their services.
- In line with the Dutch Corporate
Governance code, no variable pay and
or equity awards are offered.
- In order to provide a fee level that is
competitive with other companies
comparable to HEINEKEN, reviews are
conducted on a regular basis.
The Remuneration Committee is
responsible to review the compensation
levels on a regular basis and to bring
forward proposals (if any) to the
Supervisory Board. Proposals are
submitted to the Annual General
Meeting for approval.
This review is done through a
benchmark assessment against a
pan-European peer group consisting of
companies that are of comparable size
to HEINEKEN.
Committee - Supervisory Board members
Fees are compensated for additional
responsibilities such as
Committee membership.
- In order to provide a fee level that is
competitive with other companies
comparable to HEINEKEN, reviews are
conducted on a regular basis.
Members are eligible to receive
additional fees in respect of serving as a
Chairman or Member of a Committee.
Fee levels between Committees can
differ if this is deemed appropriate
depending on the time commitment
and responsibilities associated with the
Committee membership.
Fees are additive; if a Board member
serves in multiple Committees, the
compensation will consist of the Board
membership fee and the sum of the
corresponding Committee fees.
Allowances - Supervisory Board members are
and Benefits reimbursed and compensated for
additional efforts that enable them to
exercise their role.
Members receive reimbursement of
travel expenses and are compensated
for intercontinental travel required to
exercise their role.
- Small benefits such as retirement gifts
may also be provided.
Financial
Statements
Sustainability
Review
Other
Information
