Supervisory Board Remuneration 2007
The Committee has the formal responsibility to review and, if appropriate, recommend changes to remuneration for the Supervisory Board. Any recommended changes to Supervisory Board remuneration must be submitted to the AGM for approval.
The Committee decided to adjust the Supervisory Board remuneration in 2007 to reflect the increase in responsibilities of the Supervisory Board members over time. This adjustment was approved by the AGM on April 17, 2007.
The current annual remuneration for the Chairman of the Supervisory Board is EUR 65,000. Annual remuneration for Supervisory Board members is EUR 50,000. Committee fees are determined on an annual basis. The Committee will review the employment market peer group that currently acts as a reference for the remuneration levels of the Supervisory Board (not only limited to Dutch listed companies) in 2008 to ensure an adequate alignment with the relevant market competitive standards as adopted by companies of a similar size and complexity as KPN.
Shareholdings in the Company held by Supervisory Board members serve as a long-term investment in the Company and help align their interest with those of our other shareholders. No Supervisory Board member is granted stock options or shares as a form of remuneration. No member of the Supervisory Board held any stock options in the Company. As a policy, the Company does not provide loans to its Supervisory Board members.
The table below shows the remuneration payable to current and former Supervisory Board members in 2007 (on an annual basis).
| Membership fees Amounts in euro on annual basis |
From April 17, 2007 | Until April 17, 2007 |
|---|---|---|
| Chairman | 65,000 | 60,000 |
| Member | 50,000 | 45,000 |
The table below reflects fixed committee fees as of April 12, 2005 on an annual basis.
| Amounts in euro | |
|---|---|
| Chairman Audit Committee | 15,000 |
| Member Audit Committee | 10,000 |
| Chairman Remuneration and Organizational Development Committee | 5,000 |
| Member Remuneration and Organizational Development Committee | 3,500 |
| Chairman Nominating and Corporate Governance Committee | 5,000 |
| Member Nominating and Corporate Governance Committee | 3,500 |
Actual fees received in 2007 by each member of the Supervisory Board are reflected below.
| Amounts in euro | Membership fees 2007 | Committee fees 2007 | 2007 Total |
2006 Total |
2005 Total |
|---|---|---|---|---|---|
| A.H.J. Risseeuw (Chairman) | 63,528 | 8,500 | 72,028 | 68,500 | 66,270 |
| M. Bischoff | 48,528 | 10,000 | 58,528 | 55,000 | 53,425 |
| C.M. Colijn-Hooymans | 35,278 | 7,056 | 42,334 | - | - |
| D.G. Eustace | 48,528 | 15,000 | 63,528 | 60,000 | 57,866 |
| D.I. Jager | 48,528 | 8,500 | 57,028 | 53,500 | 54,888 |
| M.E. Van Lier Lels | 48,528 | 7,000 | 55,528 | 52,000 | 51,307 |
| J.B.M. Streppel | 48,528 | 10,000 | 58,528 | 55,000 | 51,925 |
The remuneration of the former members of the Supervisory Board is provided below.
| Amounts in euro | Membership fees 2007 | Committee fees 2007 | 2007 Total |
2006 Total |
2005 Total |
|---|---|---|---|---|---|
| V. Halberstadt | 13,250 | 2,061 | 15,311 | 52,000 | 50,607 |
Members receive an additional fee if a meeting is held in a country other than the member's respective country of residence.
Stock ownership Supervisory Board
The tables below show the shares held by current members of our Supervisory Board.
| Number of shares | December 31, 2007 | December 31, 2006 | December 31, 2005 |
|---|---|---|---|
| A.H.J. Risseeuw | 46,524 | 46,524 | 46,524 |
| D.G. Eustace | - | - | - |
| M. Bischoff | - | - | - |
| D.I. Jager | 92,500 | 75,000 | 45,000 |
| M.E. van Lier Lels | - | - | - |
| J.B.M Streppel | - | - | - |
| C.M. Colijn-Hooymans | - | - | - |
| Total | 139,024 | 121,524 | 91,524 |
Share ownership relates to normal share or ADRs, constituting one vote in the AGM per share.
Members of the Remuneration and Organizational Development Committee:
D.I. Jager (Chairman)
M.E. van Lier Lels
A.H.J. Risseeuw