The Compensation Committee reviews and advises the Supervisory Board upon the remuneration and terms of employment of the members of the Executive Board.
The committee also regularly reviews the Supervisory Board compensation. The Supervisory Board makes proposals to the annual general meeting of shareholders for adoption of both the Executive Board and Supervisory Board remuneration policy.
As a rule the committee meets four times a year. The meetings may be attended by the chairman of the Executive Board, unless the committee decides otherwise. The chairman of the committee may decide on attendance of other members of the Executive Board or employees of the company.
No more than one member of the committee shall be a member of the Executive Board of another Dutch listed company.
The Compensation Committee presently consists of Leo van Wijk (chairman), Irving Bailey, Karla Peijs and Rob Routs (see their biographies).