ING Direct 2002 Annual Report Download - page 82

Annual Report 2002 · ING Group 79
ING’s Governance
REMUNERATION AND HOLDING OF
SECURITIES The remuneration paid to Supervisory
Board members is determined by the Annual
General Meeting of Shareholders and is not
dependent on the company’s results. For the
remuneration paid to members of the Super-
visory Board in 2002, reference is made to pages
85 and 86.
Supervisory Board members are permitted
to hold shares of the company as long-term
investments. As at year-end 2002, members of
the Supervisory Board held an aggregate of
16,698 depositary receipts for ordinary shares
(specified on page 86). They did not hold any
depositary receipts for preference shares. If
Supervisory Board members hold ING options
that were granted in their former capacity as
member of the ING Executive Board, these
options are subject to the ING stock option
plan (see page 86) and insider trading rules
prevailing within ING.
INFORMATION ON MEMBERS OF THE
SUPERVISORY BOARD
Cor Herkströter, Chairman
(1937 - Dutch nationality)
Principal former position: Chairman Committee
of Managing Directors Royal Dutch/Shell Group.
First appointment Supervisory Board ING Group:
May 1998, Chairman as of May 1999. Chairman
of the Remuneration & Nomination Committee
and the Corporate Governance Committee.
Current term of office: until the 2006 Annual
General Meeting of Shareholders (AGM).
Mijndert Ververs, Vice-Chairman
(1933 - Dutch nationality)
Principal former position: Chairman Executive
Board Wolters Kluwer N.V. Appointed to the
Supervisory Board of Nationale-Nederlanden in
1991. First appointment Supervisory Board ING
Group: May 1994; Vice-Chairman as of May 1996;
temporary chairmanship for more than two
years as of November 1996. Resumed vice-
chairmanship in May 1999. Chairman of the
Audit Committee as of April 2001. Current and
last term of office: until the 2003 AGM.
Lutgart van den Berghe
(1951 - Belgian nationality)
Principal present positions: Executive Director of
the Vlerick Leuven Gent Management School
and Professor at the University of Gent (Belgium).
Appointed to the Supervisory Board of
Nationale-Nederlanden in 1991. First appoint-
ment Supervisory Board ING Group: May 1994.
Member of the Audit Committee. Current and
last term of office: until the 2003 AGM.
Luella Gross Goldberg
(1937 - American nationality)
Principal former position: Member Board of
Directors ReliaStar Financial Corp. First
appointment Supervisory Board ING Group:
April 2001. Member of the Corporate
Governance Committee. Current term of office:
until the 2005 AGM.
Paul van der Heijden
(1949 - Dutch nationality)
Principal present positions: Rector Magnificus
and Professor of Labour Law and Industrial
Relations, University of Amsterdam. First
appointment Supervisory Board ING Group: May
1995, also on the recommendation of the
Central Workers Council. Member of the
Remuneration & Nomination Committee and
the Corporate Governance Committee. Current
term of office: until the 2003 AGM in which he
will be proposed for reappointment.
Aad Jacobs
(1936 - Dutch nationality)
Principal former positions: Chairman Executive
Board Nationale-Nederlanden and ING Group.
First appointment Supervisory Board ING Group:
June 1998, following his retirement from the
chairmanship of the Executive Board of ING
Group. Member of the Audit Committee,
Chairman as of 15 April 2003. Current term of
office: until the 2003 AGM in which he will be
proposed for reappointment.
Godfried van der Lugt
(1940 - Dutch nationality)
Principal former positions: Chairman Executive
Board ING Bank and ING Group. First
appointment Supervisory Board ING Group:
April 2001, one year after his retirement from
the chairmanship of the Executive Board of ING
Group. Current term of office: until the 2005
AGM.
Paul Baron de Meester
(1935 - Belgian nationality)
Principal present positions: Honorary chairman of
Belgische Betonmaatschappij Besix-Betonimmo
N.V. and Professor-Emeritus at the Catholic
University Leuven. First appointment Super-
visory Board ING Group: May 1998. Member of
the Audit Committee. Current term of office:
until the 2005 AGM.