Remuneration policy Supervisory Board

Remuneration policy Supervisory Board

The remuneration policy for the members of the Supervisory Board is based on the median level of Draka's European labour market peer group, which is the same as the European labour market peer group used for the members of the Board of Management.

Consistent with the Dutch Corporate Governance Code, the remuneration of the members of the Supervisory Board is not dependent on the Company's results. Consequently, neither stock options nor performance shares are granted to Supervisory Board members by way of remuneration. Any shares in Draka held by Supervisory Board members should be held as a long-term investment. The Company does not grant loans to members of the Supervisory Board.

Regulations are in place governing the holding of and transactions in securities by members of the Supervisory Board other than securities issued by Draka.

The following remuneration is received by the members of the Supervisory Board and its separate committees:

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(x EUR 1)	Chairman	Vice chairman	Members
Supervisory Board	70,000	55,000	50,000
Audit- & Governance Committee	10,000		6,000
Remuneration & Nomination Committee	7,500		5,000
Strategy Committee	7,500		5,000

 

In addition to the fixed remuneration, members of the Supervisory Board are entitled to an expense allowance of € 1,000 per year. The Chairman's expense allowance is € 1,250 per year. The members of the Supervisory Board are reimbursed for travel and accommodation expenses.