Remuneration Committee
The Remuneration Committee is appointed by the Supervisory Board to:
- draft a proposal for the remuneration policy (such policies to be adopted by the General Meeting of Shareholders);
- draft a proposal for the fixed and variable remuneration of the individual members of the Board of Management, for adoption by the Supervisory Board;
- prepare the annual remuneration report;
- set common targets (taken from the annual budget) for members of the Board of Management for the coming year subject to confirmation by the Supervisory Board;
- prepare the allocation of management options and (rights on) shares in TNT's capital to other senior management; and
- prepare a proposal for the remuneration of Supervisory Board members for submission to the General Meeting of Shareholders.
The members of the Remuneration Committee are:
- S. (Shemaya) Levy (Chairman)
- R. (Roger) King
- P.C. (Piet) Klaver