Annual Report 2021
Governance
5.3.4
Supervisory Board

The remuneration paid to the members of the SB does not depend on the financial performance of a.s.r. and none of the SB members own a.s.r. shares. The SB members are entitled to the following, as adopted by the 2019 AGM:

  • A base fee for the SB members or chair.

  • A committee fee for members or chair of each of the SB’s Committees.

In setting the level of remuneration, the responsibilities and time spent by the SB of a listed financial institution are taken into account; this includes:

  • Responding to revised and expanding legislation and regulations.

  • Fundamental changes in the nature and complexity of the company and governance.

  • a.s.r.’s profile, in which organic growth, mergers, acquisitions and collaborations in complex insurance areas are actively examined and / or pursued.

The Dutch Corporate Governance Code states that the remuneration of members of the SB should reflect the time spent on the function and the responsibility involved. The remuneration level within the reference group used will also be examined. This reference group is the same as that used for the members of the EB.

An overview of the remuneration is shown below:

Type of remuneration
In As of July 2019
Supervisory Board
Chair50,000
Member35,000
Audit & Risk Committee
Chair15,000
Member10,000
Remuneration Committee
Chair10,000
Member5,000
Nomination & ESG Committee
Chair10,000
Member5,000

SB members who also serve on the SB of ASR Basis / Aanvullende Ziektekostenverzekeringen N.V. receive 4,000 per annum. Annual fees are not paid to members of the EB who are also members of the SB of one of the Group entities.

Remuneration of the Supervisory Board members in 2021

The remuneration of current, and former, members of the SB is in accordance with the remuneration policy. Neither a.s.r. nor any undertaking that is part of the same group provides loans, advances or guarantees on behalf of a member of the SB.

The Dutch Corporate Governance Code states that the remuneration of members of the SB should reflect the time spent on the function and the responsibility involved. A basic principle of a.s.r.’s remuneration policy (both for the EB and the SB) is that remuneration should be just below the median for the reference group. The responsibilities and time spent by a.s.r.’s SB have increased in recent years due to changes in governance, legislation and regulation. In 2020 a benchmark study was conducted based on reference group compensation data which is publicly available, retrieved from Annual Reports. This benchmark study shows that the current remuneration levels of the members and chairman of the SB are significantly below the median for the reference group. For various reasons, the SB decided not to submit a proposal for amendment to the coming AGM. A benchmark study will also be carried out next year, after which this will be evaluated further.

Annual remuneration for members of the Supervisory Board
Amounts for 2021 in thousandFixed remuneration
Base salary1Fees2Total remunerationFixed portion of the total remuneration
Joop Wijn3441357100%
Herman Hintzen4351954100%
Sonja Barendregt5351954100%
Gerard van Olphen6351146100%
Gisella van Vollenhoven7351853100%
Former member
Kick van der Pol821829100%
Total20588292100%
  • 1 Remuneration as a SB member or chair of the SB of a.s.r.
  • 2 Remuneration as a committee chair or member of the SB of ASR Bank N.V. (2020) or SB of ASR Basis/Aanvullende Ziektekostenverzekeringen N.V.
  • 3 Joop Wijn was appointed as chair of the SB on 19 May 2021. The fees relate to the amounts received as a committee member (later chair) of the N&ESG Committee (7,917) and as a committee member of the Remuneration Committee (5,000). The remuneration figures for 2020 reflect a partial year as a member of the SB.
  • 4 The fees relate to the amounts received as a committee member of the Audit & Risk Committee (10,000), a partial year as a committee member of the N&ESG Committee (3,750) and as a committee member of the Remuneration Committee (5,000).
  • 5 The fees relate to the amounts received as chair of the Audit & Risk Committee (15,000) and as a committee member of the SB of ASR Basis/Aanvullende Ziektekostenverzekeringen N.V. (4,000).
  • 6 The fees relate to the amounts received as a committee member of the Audit & Risk Committee (10,000) and a partial year as a committee member the N&ESG Committee (1,250).
  • 7 The fees relate to the amounts received as a committee member of the N&ESG (5,000), chair of the Remuneration Committee (10,000) and a partial year as a committee member of the SB of ASR Basis/Aanvullende Ziektekostenverzekeringen N.V. (3,000).
  • 8 Kick van der Pol left the SB as of 19 May 2021. The remuneration figures for 2021 reflect a partial year as a member of the SB. The fees relate to the amounts received as chair of the N&ESG Committee (4.167) and as a committee member of the Remuneration Committee (2,083) and as a committee member of the SB of ASR Basis/Aanvullende Ziektekostenverzekeringen N.V. (1,667).
Annual remuneration for members of the Supervisory Board
Amounts for 2020 in thousandFixed remuneration
Base salary1Fees2Total remunerationFixed portion of the total remuneration
Kick van der Pol3501969100%
Joop Wijn49311100%
Herman Hintzen5352459100%
Sonja Barendregt6351752100%
Gerard van Olphen735540100%
Gisella van Vollenhoven8351550100%
Former member
Cor van den Bos9181128100%
Total21693309100%
  • 1 Remuneration as a SB member or chair of the SB of a.s.r.
  • 2 Remuneration as a committee chair or member of the SB of ASR Bank N.V. (2020) or SB of ASR Basis/Aanvullende Ziektekostenverzekeringen N.V.
  • 3 Kick van der Pol left the SB as of 19 May 2021. The remuneration figures for 2021 reflect a partial year as a member of the SB. The fees relate to the amounts received as chair of the N&ESG Committee (4.167) and as a committee member of the Remuneration Committee (2,083) and as a committee member of the SB of ASR Basis/Aanvullende Ziektekostenverzekeringen N.V. (1,667).
  • 4 Joop Wijn was appointed as chair of the SB on 19 May 2021. The fees relate to the amounts received as a committee member (later chair) of the N&ESG Committee (7,917) and as a committee member of the Remuneration Committee (5,000). The remuneration figures for 2020 reflect a partial year as a member of the SB.
  • 5 The fees relate to the amounts received as a committee member of the Audit & Risk Committee (10,000), a partial year as a committee member of the N&ESG Committee (3,750) and as a committee member of the Remuneration Committee (5,000).
  • 6 The fees relate to the amounts received as chair of the Audit & Risk Committee (15,000) and as a committee member of the SB of ASR Basis/Aanvullende Ziektekostenverzekeringen N.V. (4,000).
  • 7 The fees relate to the amounts received as a committee member of the Audit & Risk Committee (10,000) and a partial year as a committee member the N&ESG Committee (1,250).
  • 8 The fees relate to the amounts received as a committee member of the N&ESG (5,000), chair of the Remuneration Committee (10,000) and a partial year as a committee member of the SB of ASR Basis/Aanvullende Ziektekostenverzekeringen N.V. (3,000).
  • 9 The remuneration figures for 2020 for Cor van den Bos reflect a partial year as a member of the SB and chair of the Audit & Risk Committee.