Chapters
Annual Report 2019

2019 Remuneration for the Supervisory Board

The General Meeting determines the remuneration of Supervisory Board members. Their remuneration is not linked to the financial results of GrandVision and they do not receive any performance or equity-related compensation, nor accrue any pension rights with GrandVision. None of the Supervisory Directors may hold shares, options for shares or similar securities other than as a long-term investment. The remuneration of the Supervisory Board members has not been adjusted in the last years.

The total aggregated remuneration of the Supervisory Board in 2019 was €300,833. Supervisory Board members are reimbursed for all reasonable costs of travel, accommodation and representation incurred in the performance of their duties.

As of 31 December, 2019 Supervisory Board Chairman Kees van der Graaf held 2,100 GrandVison shares as a long-term investment. None of the other Supervisory Board members held any GrandVision shares or options on GrandVision shares.

Eelman was a member of the Supervisory Board until 2 April, 2019. Meijerman has been a member of the Supervisory Board since 26 April, 2019.

in EUR

2019

2018

2017

2016

2015

C.J. van der Graaf, Chairman

72,500

72,500

72,500

72,500

72,500

M.F. Groot, Vice-chairman

60,000

60,000

60,000

60,000

60,000

P. Bolliger, member

60,000

60,000

60,000

60,000

60,000

J.A. Cole, member

60,000

60,000

60,000

60,000

60,000

R. Meijerman, member

33,333

-

-

-

-

W. Eelman, member

15,000

60,000

60,000

60,000

60,000

300,833

312,500

312,500

312,500

312,500

Supervisory Board member Cole provided consultancy services to our operating company For Eyes in 2018 and 2019. Cole received an annual remuneration of U.S. $50,000. These consultancy services are not related to his function as a Supervisory Board member of GrandVision N.V.