Summary of the Remuneration policy Supervisory Board of Koninklijke DSM N.V.
The Remuneration policy is designed to engage qualified leaders with the right balance of personal skills, competences and experience required to oversee the execution of the company’s strategy, its performance and its creation of long-term value, recognizing the interests of all stakeholders. In line with the Dutch Corporate Governance Code, the remuneration is not linked to company and individual performance. As a reference, the remuneration of the Supervisory Board is benchmarked to market practice, predominantly against AEX companies, given the company’s country of domicile. The total fixed remuneration should approach the median of the reference market. The full version of the remuneration policy for the Supervisory Board of Koninklijke DSM N.V. as approved by the 2019 AGM is available on the company website.
The table below summarizes the key elements of the remuneration policy, describing purpose, design and (potential) value.
Purpose |
|
Design |
|
Value |
|---|---|---|---|---|
|
|
|
|
|
Fixed fee |
|
Reward Supervisory Board members and incentivize them to utilize their skills and competences to the maximum extent possible in executing their tasks. The reward reflects the nature of responsibilities, the time spent, and aims to provide a fair and competitive pay level to engage qualified leaders. Review: in principle, every three years, based on in-depth benchmarking. |
|
Approaching the median of the market reference (predominantly AEX companies). Position and annual fee:
|
Intercontinental travel fee |
|
Fixed amount representing time commitment related to intercontinental travel. |
|
€5,000 for each time it is required to travel outside the continent of residence. |
Expenses |
|
Expenses incurred in fulfilling duties are reimbursed. To be paid upon submission of a statement of expenses, partially covered by a fixed allowance. |
|
Depending on level of expenses. Fixed per annum: €1,250. |
Shareholding requirement |
|
In line with Dutch Corporate Governance Code, no mandatory shareholding requirement. Supervisory Board members are encouraged to invest in privately owned DSM shares. |
|
Not applicable. |
Benefits and loans |
|
Supervisory Board members are not entitled to participate in any benefits program offered to employees. Loans will not be provided. |
|
Not applicable. |
