FMO’s remuneration policy
The purpose of FMO's remuneration policy is to attract,
motivate and retain qualified people who will contribute to the
success of FMO, including Supervisory and Management Board members.
All personnel are employed in accordance with the General Bank CAO
(Collective Labor Agreement). Remuneration levels of Management
Board members are in line with prevailing market conditions, and
are based on responsibilities, experience and performance of the
individuals concerned.
Every year, the Supervisory Board's Selection, Appointment
& Remuneration Committee advises on the remuneration of the
Management Board. Based on this advice, the Supervisory Board
reviews and decides on the remuneration package of the Management
Board members on an annual basis. The remuneration of the
Supervisory Board is determined by the AGM based on a proposal by
the Supervisory Board. This working method fully complies with the
Dutch Corporate Governance Code.