3.4.3Remuneration of the Supervisory Board
The current remuneration of the Supervisory Board was set at the Extraordinary General Meetings of July 6, 2010 and April 15, 2015. In 2016, no changes were made to the Supervisory Board remuneration policy.
The fee level and structure for the Supervisory Board is summarized as follows:
|
in EUR |
Fee |
|---|---|
|
Chairman Supervisory Board |
120,000 |
|
Vice-chairman Supervisory Board |
80,000 |
|
Member Supervisory Board |
75,000 |
|
Chairman Audit Committee |
10,000 |
|
Member Audit Committee |
8,000 |
|
Chairman Appointment & Remuneration Committee dealing with Appointment Matters |
9,000 |
|
Chairman Appointment & Remuneration Committee dealing with Remuneration Matters |
9,000 |
|
Member Appointment & Remuneration Committee |
8,000 |
|
Chairman Technical & Commercial Committee |
10,000 |
|
Member Technical & Commercial Committee |
8,000 |
|
Lump sum fee for each intercontinental travel |
5,000 |
None of the members of the Supervisory Board receive remuneration that is dependent on the financial performance of the Company.
None of the Management Board members has reported holding shares (or other financial instruments) in SBM Offshore N.V, except for Mr. S. Hepkema. The reason for his shareholdings is the (share based) remuneration he received as Management Board member in the past.
SBM Offshore does not provide loans or advances to Supervisory Board members and there are no loans or advances outstanding. SBM Offshore does not issue guarantees to the benefit of Supervisory Board members nor have these been issued.
The total remuneration of the members of the Supervisory Board in 2016 amounted to EUR 765 (2015: EUR 741) thousand on a gross (i.e. before tax) basis as set out below. In note 5.3.6 to the consolidated financial statements the remuneration of individual Board members is set out in US$.
Remuneration of the Supervisory Board
|
2016 |
||||
|---|---|---|---|---|
|
in thousands of EUR |
Basic remuneration1 |
Committees |
Total |
|
|
F.J.G.M. Cremers |
Chairman |
120 |
17 |
137 |
|
T.M.E. Ehret |
Vice-Chairman |
80 |
10 |
90 |
|
L.A. Armstrong |
75 |
16 |
91 |
|
|
F.G.H. Deckers |
75 |
17 |
92 |
|
|
F.R. Gugen |
75 |
10 |
85 |
|
|
S. Hepkema |
75 |
8 |
83 |
|
|
L.B.L.E. Mulliez |
75 |
6 |
81 |
|
|
C.D. Richard |
100 |
6 |
106 |
|
|
Total |
675 |
90 |
765 |
|
- 1 including intercontinental travel allowance