Remuneration

The remuneration policy for 2008 is published in the annual report. By clicking here you can view the document.

Remuneration
The Supervisory Board determines the remuneration for the individual members of the Executive Board in accordance with the remuneration policy approved by the General Meeting of Shareholders in 2005 and, subsequent to a number of amendments, approved by the General Meeting of Shareholders in 2008. The Supervisory Board has received confirmation from the auditor that the figures on which the bonus for the Executive Board is based are derived from the audited financial statements, and that the calculation of the bonus has been audited.

Remuneration policy
The remuneration policy is designed to offer such remuneration that it is possible to attract managers qualified to manage an international company of the nature and character of Kendrion. The policy is thereby challenging such that it motivates managers and, on good performance, retains them for the longer term. The amount, design and composition of the remuneration package are such that the package supports Kendrion’s short and long-term objectives. During the year under review a specific scheme was adopted as a consequence of Kendrion’s focused acceleration strategy.

The Supervisory Board periodically benchmarks the remuneration package against information supplied by external experts to verify that it is in line with the company’s objectives and the market.

The package is of a performance-oriented design, whereby the results are used to determine a variable income that is of a challenging level but is not excessive.

Supervisory Board Remuneration Report
By clicking here you can view the remuneration report for the Supervisory Board.