ING Direct 2008 Annual Report Download - page 82

ING Group Annual Report 2008
1.3 Our Governance
80
Loans and advances to Executive Board members
The table below presents the loans and advances provided to
Executive Board members and outstanding on 31 December 2008,
2007 and 2006. These loans were concluded in the normal
course of business and on terms generally applicable to company
personnel as a whole and were approved by the Supervisory Board.
Loans and advances to the individual members of the Executive Board
Amount
outstanding
31 December
Average
interest rate Repayments
Amount
outstanding
31 December
Average
interest rate Repayments
Amount
outstanding
31 December
Average
interest rate Repayments
amounts in thousands of euros 2008 2007 2006
Eric Boyer de la Giroday 21 4.3% 324 4.3% 428 4.3% 3
Dick Harryvan 227 3.5% 227 3.5% 200 427 3.9%
John Hele (1) 619 4.9% 16 635 5.6%
Hans van der Noordaa 930 4.4% 930 4.4% 930 4.4%
Koos Timmermans 380 4.6% 380 4.6%
Jacques de Vaucleroy 164 5.5% 16 180 5.5% 12 192 5.5% 17
(1) John Hele’s loans and advances have been translated from US dollars to euros.
ING DEPOSITARY RECEIPTS FOR SHARES HELD BY
EXECUTIVE BOARD MEMBERS
Executive 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 Executive Board.
ING depositary receipts for shares held by members of the Executive Board
number of shares 2008 2007 2006
Michel Tilmant 31,663 24,764 7,76 4 (1) The shares held by Tom McInerney are American Depositary Receipts.
He also holds 2,382 units in a Leveraged Stock Fund.
Eric Boyer de la Giroday 11,588 7,126
Dick Harryvan 2,546 2,000
John Hele 5,247 2,300
Eli Leenaars 8,288 5,628
Tom McInerney (1) 146,453 127,69 4 64,527
Hans van der Noordaa 2,930 2,000
Koos Timmermans 2,546 2,000
Jacques de Vaucleroy 37, 326 27,74 0
Remuneration report (continued)