Selection, Appointment & Remuneration Committee

Selection, Appointment & Remuneration Committee

The committee handles proposals regarding the appointment and reappointment of Supervisory and Management Board members, as well as monitoring the remuneration policy, proposing adjustments and giving advice on the remuneration of individual Management Board members.

The Selection, Appointment & Remuneration Committee comprises Dolf Collee (Chairman), Willy Angenent, Jean Frijns (as of May 2010) and Agnes Jongerius.

In 2010, this Committee met three times; the CEO and Director Human Resources joined these meetings. Among the key issues discussed were the 2009 self-evaluation of the Supervisory Board, this time under independent guidance of an external advisor, nomination of Jean Frijns as new member of the Supervisory Board and the re-nomination of Willy Angenent and Rein Willems. Other key issues were the amendments to the remuneration policy, the remuneration of senior management and the Management Board's financial and non-financial targets for 2011.

Furthermore, in accordance with Banking Code, the Selection, Appointment & Remuneration Committee last year established a new lifelong learning plan for board members. The Supervisory Board discussed in-depth at its December meeting the content of the program for 2011. The Management Board will also follow the program, which will include tailor-made courses on finance and risk management given by internal experts, plus non-financial courses given by external stakeholders such as representatives of government ministries. External education is optional and can be sought on a variety of subjects, dependent on the expertise and requirements of the individual members of the Supervisory Board.

Supervisory Board appointments

Supervisory Board member

Initial appointment

End of current appointment

Supervisory Board Committee membership

Willy Angenent,
Chairman
Dutch, 1940

2002

2014

Audit & Risk Committee,

Selection, Appointment & Remuneration Committee

Bert Bruggink

Dutch, 1963

2009

2013

Audit & Risk Committee, Chairman

Dolf Collee

Dutch, 1952

2001

2012

Selection, Appointment & Remuneration Committee, Chairman

Jean Frijns

Dutch, 1947

2010

2014

Audit & Risk Committee

Selection, Appointment & Remuneration Committee

Agnes Jongerius

Dutch, 1960

2008

2012

Selection, Appointment & Remuneration Committee

Pier Vellinga

Dutch, 1950

2008

2012

Audit & Risk Committee

Rein Willems,
Vice Chairman
Dutch, 1945

2006

2014

Audit & Risk Committee