ING Direct 2011 Annual Report Download - page 89

1 Who we are 2 Report of the Executive Board 3 Corporate governance 4 Consolidated annual accounts 5 Parent company annual accounts 6 Other information 7 Additional information
LOANS AND ADVANCES TO SUPERVISORY BOARD MEMBERS
Supervisory Board members may obtain banking and insurance
services from ING Group subsidiaries in the ordinary course of their
business and on terms that are customary in the sector. The table
below presents the loans and advances to Supervisory Board
members outstanding on 31 December 2011, 2010 and 2009.
Loans and advances to members of the Supervisory Board
amounts in thousands of euros
Amount
outstanding
31 December
Average
interest rate Repayments
Amount
outstanding
31 December
Average
interest rate Repayments
Amount
outstanding
31 December
Average
interest rate Repayments
2011 2010 2009
Jeroen van der Veer (1) 282 8.6% 282 8.6% 282 8.6%
(1) The amount reflects a housing mortgage loan granted in 1992, well before
Jeroen van der Veer’s appointment to the Supervisory Board (effective as
of 1 July 2009).
ING DEPOSITARY RECEIPTS FOR SHARES AND OPTIONS
HELD BY SUPERVISORY BOARD MEMBERS
Supervisory Board members are permitted to hold ING depositary
receipts for shares as a long-term investment. The table below shows
the holdings by members of the Supervisory Board. Supervisory
Board members did not hold ING options at year-end 2011.
ING depositary receipts for shares held by members of the
Supervisory Board (1)
number of shares 2011 2010 2009
Piet Klaver 43,796 43,796 13,796
Jeroen van der Veer 119,469 99,469 99,469
Sjoerd van Keulen (2) 1,703
Luc Vandewalle (2) (3) 80,000
(1) The numbers of depositary receipts for shares reflect the shares held by the
members of the Supervisory Board and their partners.
(2) Sjoerd van Keulen and Luc Vandewalle were newly appointed in May 2011.
(3) The ING depositary receipts held by Luc Vandewalle are currently being
held in usufruct.
87ING Group Annual Report 2011
Remuneration report continued