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Remuneration Policy Statutory Directors
approved by the annual general meeting of shareholders of 19 May 2004
The policy for the remuneration of the Statutory Directors of Fugro N.V. is prepared and
proposed by the Remuneration committee. The policy is determined by the Supervisory Board.
The remuneration policy of Fugro comprises four components:
Fixed salary component
Variable component
Long term component
Pension scheme and fringe benefits
Fixed salary component
The fixed base salary of the Statutory Directors is determined based on a review, carried out by
an external organisation. The external expert will use date of comparable companies for the
review (Peer group). For Fugro this group consist of internationally operating companies ranked
in the Mid Cap, the top part of the Small Cap or in the lower part of the AEX.
The policy of Fugro is to steer on the median of the group. The pension rights of the Statutory
Directors are built up based on a defined contribution system.
Variable component.
The variable component is determined from year to year. There are three criteria for the
determination:
Profitability of the company of the past year.
Development of the strategic activities in the past year.
Personal targets.
Long term component
The Statutory Directors participate in the option scheme, which is widely applied (over 400
participants)
Secondary employment conditions
The Statutory Directors are, next to the above mentioned components, also entitled to a number
of secondary employment conditions. These conditions are in line with the position and
comprise amongst others arrangements with respect to: company car, reimbursement of
telephone costs, medical insurance.
The remuneration policy for the Statutory Directors is used as a guideline for senior
management.
Leidschendam, 31 March 2004
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