Remuneration policy
Process
A Remuneration Committee, comprising members of the
Supervisory Board, has been appointed. The committee’s task is to make
proposals concerning the remuneration policy of Corio N.V. The policy adopted
by the Supervisory Board is submitted to the General Meeting of Shareholders
for approval. The committee advises the Supervisory Board on the remuneration
of the individual members of the Management Board, in accordance with the
approved remuneration policy. Each year the Remuneration Committee prepares the
remuneration report and submits it to the Supervisory Board for approval. At
the start of each calendar year the Remuneration Committee discusses the
remuneration of the members of the Management Board. Proposals concerning
Management Board remuneration are adopted by the Supervisory Board. Details of
the remuneration policy can be found on Corio’s website.
Objective
The remuneration policy is designed to make it possible to recruit people for
the Management Board who have the necessary management skills and also the
required background and experience in the property market. The aim of the
policy is to enable the company to continue focusing on improving the
performance and increasing the value of the business, and to motivate and
retain members of the Management Board. The policy was amended in 2008 with the
approval of the General Meeting of Shareholders. The amendments concerned
details of the way in which variable remuneration is awarded and calculated.
These elements are described in further detail below.
Source: Annual Report 2008, Chapter Overview & Strategy, page 32 (PDF, 476 kB)
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