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Remuneration Report 2020
Part IV - The Supervisory Board actual remuneration for performance ending in,
or at year-end, 2020
J.M. Huët
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V. Adjustment to remuneration policy and
implementation 2021
Policy changes
Implementation changes
/LTZ Heineken N.V. Report of the Report of the Financial Sustainability Other
Annual Report 2020 Introduction Executive Board Supervisory Board Statements Review Information
In alignment with the Supervisory Board remuneration policy the Members of the Supervisory Board receive
a fixed remuneration for their services. Members are also compensated for intercontinental travel required to
exercise their role.
The following table provides an overview of the Supervisory Board actual remuneration for year-end, 2020.
In alignment with IFRS reporting requirements, this disclosure can also be found in note 13.3 Related Parties.
In thousands of
2020 Base Board
Fee
2020 Committee
Fees
2020 Allowances
and Benefits
2020 Total
Remuneration
2019 Total
Remuneration3
120
105
0
225
195
J.A. Fernandez Carbajal
90
40
24
154
153
M. Das
90
40
0
130
133
M.R. de Carvalho
90
45
0
135
141
V.C.O.B.J. Navarre
90
15
0
105
110
J.G. Astaburuaga Sanjinés
90
20
6
116
133
P. Mars-Wright
90
30
6
126
151
M. Helmes
90
35
0
125
131
R.L. Ripley2
90
15
5
110
97
I.H. Arnold
90
20
5
115
100
G.J. Wijers1
103
Y. Dervisoglu1
53
930
365
46
1,341
1,500
1 Stepped down on 25 April 2019.
2 Appointed as at 25 April 2019.
3 Supervisory Board management fees were approved by the AGM in 2019.
The Supervisory Board reviewed the remuneration policy and decided not to submit changes for approval to
the 2021 AGM.
As stated in our remuneration policy, the Supervisory Board has the power to revise the amount of
performance shares that will vest to an appropriate number if the number of performance shares that
would have vested under the agreed vesting schedule would be unacceptable according to standards of
reasonableness and fairness. The same rule of reasonableness and fairness applies to the revision of the
amount of short-term incentive payout.
Given the significant impact of the COVID-19 crisis on the Company in 2020, the Supervisory Board
considered reasonable and fair to cancel the vesting of the 2018-2020 long term incentive awards as well as
to cancel the payout of the 2020 short-term incentive. Furthermore, the Supervisory Board has decided to
keep under review the performance of the outstanding 2019-2021 and 2020-2022 long-term incentive awards
as well as the 2021 short-term incentives to ensure that potential pay-outs remain appropriate according to
standards of reasonableness and fairness.
Moreover, given the uncertain, volatile, and unprecedented economic times, the Supervisory Board feels
unable to set sound performance conditions for the 2021-2023 long term incentive awards at the beginning
of 2021. Due to the insufficient insight into the longer term financial prospects, the Supervisory Board has
decided to only set preliminary performance targets for the 2021-2023 LTI award and, if necessary, to adjust
those targets in the summer of 2021, at which time it is envisaged that there will be better visibility of the
market conditions for the company's three-year plan.
Supervisory Board Heineken N.V.
Amsterdam, 9 February 2021.
