o www.ahold.oom/reports2009
Notes to the consolidated financial statements
31 Related party transactions - continued
-
-
-
-
-
-
-
2,670
-
Financials
Remuneration of the individual Corporate Executive Board members
The remuneration of the individual Corporate Executive Board members, which is disclosed as of the year the member's appointment was
approved by the General Meeting of Shareholders, can be specified as follows:
Direct remuneration Deferred remuneration
Total direct
Share-based
Total
thousand
Base salary
Bonuses1
Other2
remuneration
compensation3
Pensions5
remuneration
J.F. Rishton
2009
945
737
173
1,855
830
193
2,878
2008
945
1,143
156
2,244
528
189
2,961
K.A. Ross
2009
500
390
159
1,049
384
78
1,511
2008
500
605
190
1,295
218
132
1,645
P.N. Wakkie4
2009
600
468
8
1,076
1,834
170
3,080
2008
600
726
13
1,339
377
140
1,856
A.D. Boer
2009
625
488
14
1,127
632
186
1,945
2008
625
756
209
1,590
469
152
2,211
L.S. Benjamin
2009
683
517
128
1,328
188
149
1,665
2008
Total 2009
3,353
2,600
482
6,435
3,868
776
11,079
Total 2008
3,230
568
6,468
1,592
613
8,673
1 Bonuses represent accrued bonuses to be paid in the following year.
2 "Other" mainly includes allowances for housing expenses, international school fees, employer's contributions to social security plans, and benefits in kind such as tax advice,
tax compensation and medical expenses, and the associated tax gross up.
3 The amounts represent the share-based compensation expense calculated under IFRS 2. The fair value of each year's grant is determined on the grant date and expensed
on a straight-line basis over the vesting period. The expense for 2009 reflects this year's portion of the share grants over the previous four years (2006, 2007, 2008 and 2009),
whereas the expense for 2008 reflects that year's portion of share grants for the three years 2006, 2007 and 2008.
4 Under the GRO program, all retirees are allowed to retain shares which have been granted to them and normal vesting conditions apply. Peter Wakkie's service period ended with
his retirement on December 31, 2009. The share-based compensation expense related to the service performed by Peter Wakkie during 2009 was €551,000. In addition, an
amount of €1,283,000 was recognized, representing the remaining unamortized expense on the non-vested portion of GRO shares granted to him, as his service period ended
with his retirement.
5 Pension costs are the total net periodic pension costs.
Remuneration of the Supervisory Board members
thousand
2009
2008
R. Dahan (reappointed in 2008)
69
68
T. de Swaan (appointed in 2007)
79
83
K.M.A. de Segundo (reappointed in 2008)
71
72
D.C. Doijer (reappointed in 2009)
60
60
S.M. Shern (reappointed in 2009)
69
79
J. Sprieser (appointed in 2006)
78
79
M.G. McGrath (appointed in 2008)
62
43
B. Noteboom (appointed in 2009)
43
Total
531
484
Ahold Annual Report 2009 102
