The remuneration report, which is published on the company’s website, explains the policy for the remuneration of the Executive Board and the Supervisory Board. The remuneration report also provides information about the remuneration that was actually paid over 2012.

The policy for the remuneration of the members of the Executive Board is based on the allocation of remuneration of an amount and structure such that qualified and expert executives can be recruited. The policy is also challenging to such an extent that it motivates the members of the Executive Board and, when they exhibit an appropriate performance, ensures they can be retained in the longer term. The composition of the remuneration package promotes the achievement of Kendrion’s short and long-term objectives. Pursuant to the Netherlands Corporate Governance Code, the Supervisory Board possesses discretionary powers for the downward or upward adjustment of the total remuneration should the variable remuneration system result in unreasonable and inequitable remuneration. In addition, when so requested by the Supervisory Board, the variable component of the remuneration adopted in the past two years must be repaid in part or in full should it transpire that this was unjustifiably awarded on the basis of incorrect financial information. The Supervisory Board periodically tests the package to verify that it is in line with the company’s objectives and the market on the basis of information supplied by external experts.

The current remuneration policy provides for a fixed component and a variable component, as well as a pension scheme and a number of fringe benefits.

Supervisory Board Remuneration Report
By clicking here you can view the Remuneration Report 2012 of the Supervisory Board.