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Report of the board of management

Remuneration for the Supervisory Board

Total remuneration for members of the Supervisory Board in 2019 amounted to € 0.4. million (2018: € 0.4 million).

Each member of the Supervisory Board receives an annual base fee of € 50,000; the Vice-Chairman receives € 60,000 and the Chairman € 70,000.

For membership of the Audit Committee an additional fee of € 10,000 applies, and for the Chairman € 15,000. Members of the Appointment and Governance Committee, Remuneration Committee, or Science and Technology Committee receive an additional € 7,000 in fee; the fee for the Chairman of these committees amounts to € 9,000. In addition, members receive reimbursement of expenses.

Breakdown remuneration Supervisory Board

    
 

IAS 24.17 category

Short-term employee benefits *)

 

Total

Thousands of euros

Year

Base fee

Committee fee

 

M.F.J.P. Vrijsen, Chairman (Chairman Appointment and Governance Committee / member Remuneration Committee / member Science and Technology Committee)

2019

70

23

93

 

2018

70

23

93

R.H.P. Markham, Vice-Chairman (Chairman Remuneration Committee / member Appointment and Governance Committee)

2019

60

16

76

 

2018

60

16

76

M.E. Doherty (member Audit Committee)

2019

50

10

60

 

2018

50

10

60

J.P. de Kreij (Chairman Audit Committee)

2019

50

15

65

 

2018

50

15

65

S. Riisgaard (Chairman Science and Technology Committee / member Remuneration Committee / member Appointment and Governance Committee)

2019

50

23

73

 

2018

50

23

73

 

Total 2019

280

87

367

 

Total 2018

280

87

367

Members of the Supervisory Board are neither entitled to variable remuneration nor to shares in the company or any option rights relating thereto. The total remuneration for each (former) member of the Supervisory Board complies with the remuneration policy for the Supervisory Board, as it fits within the boundaries of this policy and no deviations from this policy have been applied. Members of the Supervisory Board are on the payroll of Corbion nv.; they did not receive remuneration from a subsidiary or another company whose financials are consolidated by Corbion nv. Corbion does not grant loans, advances, or guarantees to members of the Supervisory Board.