Voya 2013 Annual Report Download - page 477

Revenues and Expenses Associated with Related Party Transactions
The approximate net fees and costs received or (paid), or intercompany charges, for our various
arrangements with ING Group and its affiliates, including NN Group, are presented in the table below.
($ in millions)
Year Ended
December 31,
2013
Types of Related Party Transactions
Financing arrangements ............................................................ $(43.8)
Revenues related to the Alt-A Back-up Facility .......................................... 5.5
Transition services arrangements with affiliates ......................................... 0.3
Advisory, sub-advisory, distribution solicitation and portfolio management agreements fees ...... 10.9
Reinsurance Transactions ........................................................... (10.4)
Human resources services and compensation arrangements ................................ (0.1)
Sourcing/procurement services ...................................................... (1.3)
Insurance policies ................................................................. (5.6)
Other administrative services, overhead allocations ...................................... (2.2)
Total ........................................................................... $(46.7)
Related Party Transaction Approval Policy
Our Board of Directors has adopted a written related party transaction approval policy pursuant to which an
Independent Committee of our Board of Directors reviews and approves or takes such other action as it may
deem appropriate with respect to the following transactions:
• a transaction in which we or one or more of our subsidiaries is a participant and which involves an
amount exceeding $120,000 and in which any of our directors, executive officers, or 5% stockholders
or any other “related person” as defined in Item 404 of Regulation S-K (“Item 404”), has or will have a
direct or indirect material interest;
• any material amendment, modification or extension of the Shareholder Agreement, the Equity
Administration Agreement, the Registration Rights Agreement or the Transitional Intellectual Property
License Agreement; and
• any other transaction that meets the related party disclosure requirements of the SEC as set forth in
Item 404.
The policy provides that an investment by a director or executive officer in a fund or other investment
vehicle sponsored or managed by the Company or by one or more of its subsidiaries shall not be deemed to be a
related party transaction if:
• such investment is made pursuant to the Company’s 401(k) plan, Deferred Compensation Savings Plan
or any other similar type of Company-sponsored employee or director plan; or
• such investment is made on terms and conditions that are in all material respects not more favorable to
such director or executive officer than are available to investors that are not employed by or affiliated
with the Company or any of its subsidiaries.
This policy sets forth factors to be considered by the Independent Committee in determining whether to
approve any such transaction, including the nature of our and our subsidiaries’ involvement in the transaction,
whether we or our subsidiaries have demonstrable business reasons to enter into the transaction, whether the
transaction would impair the independence of a director and whether the proposed transaction involves any
potential reputational or other risk issues.
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