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ING Group Annual Report 2008
1.3 Our Governance
76
Compensation in cash of the individual members of the Executive Board (1)
amounts in thousands of euros 2008 2007 2006
Michel Tilmant (1) Dick Harryvan, Tom McInerney, Hans van der Noordaa and
Jacques de Vaucleroy were appointed to the Executive Board
on 25 April 2006. The figures for these members reflect
compensation earned in their capacity as Executive Board
members. Thus, the figures for 2006 reflect the partial year
as Executive Board members.
(2) John Hele and Koos Timmermans were appointed to the
Executive Board on 24 April 2007. The figures for these
members reflect compensation earned in their capacity as
Executive Board members. Thus, the figures for 2007 reflect
the partial year as Executive Board members.
(3) John Hele and Tom McInerney get their compensation in US
dollars. For each year the compensation in US dollars was
converted to euros at the average exchange rate for that year.
Base salary 1,353 1,289 1,289
Short-term performance-related bonus 02,001 2,299
Total cash compensation 1,353 3,290 3,588
Eric Boyer de la Giroday
Base salary 892 850 850
Short-term performance-related bonus 01,319 1,477
Total cash compensation 892 2,169 2,327
Dick Harryvan (1)
Base salary 665 634 423
Short-term performance-related bonus 0842 710
Total cash compensation 665 1,476 1,133
John Hele (2) (3)
Base salary 603 412
Short-term performance-related bonus 0621
Total cash compensation 603 1,033
Eli Leenaars
Base salary 665 634 634
Short-term performance-related bonus 0956 1,102
Total cash compensation 665 1,590 1,736
Tom McInerney (1) (3)
Base salary 879 946 690
Short-term performance-related bonus 01,425 1,157
Total cash compensation 879 2,371 1,847
Hans van der Noordaa (1)
Base salary 665 634 423
Short-term performance-related bonus 0956 710
Total cash compensation 665 1,590 1,133
Koos Timmermans (2)
Base salary 665 423
Short-term performance-related bonus 0637
Total cash compensation 665 1,060
Jacques de Vaucleroy (1)
Base salary 665 634 423
Short-term performance-related bonus 0956 710
Total cash compensation 665 1,590 1,133
Compensation in cash of former members of the Executive Board
who are not included in the above table amounted to nil in 2008,
to EUR 729 thousand in 2007, and to EUR 5,353 thousand in 2006.
Remuneration report (continued)