Selection, appointment & remuneration committee
This committee handles proposals regarding the appointment and reappointment of Supervisory and Management Board members, as well as monitoring the remuneration policy, proposing adjustments and giving advice on the remuneration of individual Management Board members.
As of May 2012, the Selection, Appointment & Remuneration Committee comprises Agnes Jongerius (Chairman), Jean Frijns and Rein Willems.
In 2012, this Committee met twice; the CEO and Director of Human Resources joined these meetings. Among the key issues discussed were management development and regulation and legislation of the Dutch Central Bank with regard to the remuneration of Management and Supervisory Board members, which resulted in a proposal to the AGM to abolish variable pay for the Management Board.
Furthermore, the Committee advised on the succession of Dolf Collee, the reappointments of Pier Vellinga, Agnes Jongerius and the reappointments of Management Board members, Nanno Kleiterp and Jürgen Rigterink.
The Committee proposes the targets for the Management Board and monitors its progress. At least once a year, a formal evaluation of Management Board members is undertaken. On an annual basis, the committee discusses with the Management Board the HR policy for FMO, including staff mobility and career patterns.