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28. Related-party transactions

Remuneration policy Board of Management

For more information on the remuneration policy see the Remuneration report. For more information on share-based payments see Note 29.

Breakdown of the number of conditionally granted shares per member of the (former) Board of Management

 

Granted in

At target number outstanding as at 31-12-2021

Maximum number outstanding as at 31-12-2021

Year of vesting

O. Rigaud

2019

20,865

31,298

2022

 

2020

22,260

33,390

2023

 

2021

14,722

22,083

2024

 

2021

2,959

2,959

2022

E. van Rhede van der Kloot

2019

12,140

18,210

2022

 

2020

13,491

20,237

2023

 

2021

8,854

13,281

2024

 

2021

1,780

1,780

2022

T. de Ruiter

2019

8,852

13,278

2022

Total as at 31 December 2021

 

105,922

156,515

 

Breakdown of the movements in the number of shares conditionally granted to members of the (former) Board of Management

 

Maximum number outstanding as at 31-12-2020

Maximum number granted in 2021

Vested 2021

Expired 2021

Maximum number outstanding as at 31-12-2021

O. Rigaud

65,225

25,042

537

 

89,730

E. van Rhede van der Kloot

57,161

15,061

14,803

3,911

53,508

T. de Ruiter

39,002

 

20,292

5,432

13,278

Total

161,388

40,102

35,632

9,343

156,515

Breakdown remuneration (former) Board of Management

 

IAS 24.17 category

Short-term employee benefits

Share-based payments

Post-employment benefits

Other long-term benefits

Termination benefits

Total

Thousands of euros

2021

Base salary1

STIP

LTIP

Pension benefits

Other benefits

Termination benefits

 

O. Rigaud

779

496

542

   

1,817

E. van Rhede van der Kloot

572

299

391

   

1,262

Total Board of Management

1,351

795

933

   

3,079

 

IAS 24.17 category

Short-term employee benefits

Share-based payments

Post-employment benefits

Other long-term benefits

Termination benefits

Total

Thousands of euros

2020

Base salary1

STIP

LTIP

Pension benefits

Other benefits

Termination benefits

 

O. Rigaud

760

501

369

   

1,630

E. van Rhede van der Kloot

560

303

363

   

1,226

Total Board of Management

1,320

804

732

   

2,856

        

T. de Ruiter

336

171

279

   

786

Total former Board of Management

336

171

279

   

786

        

Total remuneration (former) Board of Management

1,656

975

1,011

   

3,642

  • 1 Base salary also includes social security contributions and compensation, mainly allowances for expenses.

The tables above show the costs based on the applicable IFRS standard and do not necessarily reflect the actual amounts paid.

Compensation of key management personnel

The table below specifies the remuneration of the Executive Committee (ExCo), comprising the Board of Management members as listed above and the additional ExCo members who are not part of the Board of Management.

Thousands of euros

2021

2020

Short-term employee benefits

5,402

5,857

Share-based payments

2,211

2,353

Post-employment benefits

15

117

Other long-term benefits

  

Termination benefits 1

 

1,554

  • 1 Including excessive levy

Breakdown remuneration Supervisory Board

 

IAS 24.17 category

Short-term employee benefits1

Share-based payments

Post-employment benefits

Other long-term benefits

Termination benefits

Total

Thousands of euros

Year

Base fee

Committee fee

LTIP

Pension benefits

Other benefits

Termination benefits

 

Mathieu Vrijsen, Chair (Chair Appointment & Governance Committee / member Remuneration Committee / member Science and Technology Committee)

2021

70

23

    

93

2020

70

23

    

93

Rudy Markham, Vice-Chair (Chair Remuneration Committee / member Appointment and Governance Committee)

2021

60

16

    

76

2020

60

16

    

76

Liz Doherty (member Audit Committee until May 2021 / Chair Audit Committee as of May 2021)

2021

50

15

    

65

2020

50

10

    

60

Dessi Temperley (Member Audit Committee as of May 2021)

2021

31

6

    

37

 

2020

       

Ilona Haaijer (member Audit Committee / member Science and Technology Committee)

2021

50

17

    

67

2020

25

4

    

29

Jack de Kreij (Chair Audit Committee until May 2021)

2021

19

6

    

25

 

2020

50

15

    

65

Steen Riisgaard (Chair Science and Technology Committee / member Remuneration Committee / member Appointment and Governance Committee)

2021

50

23

    

73

 

2020

50

23

    

73

Stefanie Schmitz (member Audit Committee from June until September 2020)

2020

15

     

15

 

Total 2021

330

106

    

436

 

Total 2020

320

91

    

411

  • 1 Excluding expenses

No loans or advance payments or any guarantees to that effect have been made or issued to the members of the Supervisory Board. None of the members of the Supervisory Board have shares in the company or any option rights relating thereto.

Other related-party transactions

 

Transaction values for the year ended

Balance outstanding at year-end

 

2021

2020

2021

2020

Sales

    

Joint ventures

85.3

53.9

13.7

7.3

Purchases

    

Joint ventures

8.7

6.4

2.3

0.3

Others

    

Joint ventures

    

- Dividend

  

6.6

 

- Sale of Total Corbion PLA (Thailand) Limited

   

5.7

- Loans

  

60.7

56.0