o www.ahold.com/reports2009
Supervisory Board report - continued
Attendance, independence
Remuneration
Governance
Approval of the proposal for the nomination of the external auditor;
Review and approval of the annual budget;
Review of the annual update of the three-year business plan;
Reviews of updates on the functioning of IT systems and the implementation
of improvements, where necessary;
Regular reviews of the U.S. businesses, including the reorganization announced
in November 2009;
Regular reviews of the European businesses;
Review of Company strategies as part of the annual strategic planning cycle;
Review of Ahold's corporate responsibility strategy and initiatives and of the 2008
Corporate Responsibility Report;
Regular updates on major legal proceedings with potential impact on Ahold;
Review of reports of the various committees of the Supervisory Board;
Regular assessment of the Corporate Executive Board, including the plans for succession
of its members;
Regular assessment of organizational strategy, talent management and succession
planning.
No Supervisory Board member was frequently absent from the meetings held in 2009.
The Supervisory Board confirms that as of March 3, 2010 all Supervisory Board
members are independent within the meaning of provision III.2.2 of the Dutch Corporate
Governance Code.
The annual remuneration of the members of the Supervisory Board was determined by
the General Meeting of Shareholders in May 2005 and has remained unchanged since
then. Remuneration is subject to a yearly review by the Supervisory Board.
Chairman Supervisory Board €55,000
Vice-Chairman Supervisory Board €47,500
Member Supervisory Board €40,000
Chairman Audit Committee €10,000
Member Audit Committee €8,000
Chairman Remuneration Committee or Selection and Appointment Committee €5,000
Member Remuneration Committee or Selection and Appointment Committee €3,000
In addition, for each meeting of the Supervisory Board and the Audit Committee, each
member receives an attendance fee of €1,250 when no intercontinental travel is required,
or €3,000 when the meeting is held at a location that requires intercontinental travel from
the residence of a member.
For detailed information on the individual remuneration of Supervisory Board members,
see Note 31 to Ahold's consolidated financial statements.
For 2010 an amendment to the annual remuneration of the members of the Supervisory
Board will be proposed to the General Meeting of Shareholders.
