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)
J.H.M. (Jan) Hommen
R. (Roger) King
P.C. (Piet) Klaver

Further details about the main responsibilities of the Remuneration Committee are laid down in the terms of reference of the Remuneration Committee, which can be downloaded below.

• 2007 Terms of Reference Renumeration Committee [27,4kb]