Dutch Executive Remuneration trends

Analysis

Dutch Executive Remuneration trends

Our key observations on 2021 remuneration reports and 2022 AGM season

We have analyzed the 2021 AEX, AMX and AScX remuneration reports published by 1 March 2022. Only few changes in remuneration policies, but increased levels of transparency around target setting and above target bonus pay-out levels are observed.

Our analysis shows that:

Increased levels of transparency around target setting and abvove target bonus pay-out levels:

  • Backward-looking disclosure of measures used and target setting is becoming the new standard​
  • Bonus outcomes are mostly above target, whereas LTI vesting levels show a more mixed picture

Sufficient shareholder support for most remuneration items, but investor
pushback is increasing:

  • Most Remuneration policies brought to vote were approved with a large majority (>90%).
  • Shareholder support levels for the 2021 Remuneration reports are  significantly below last years’ support levels.​

Analysis of 2021 remuneration reports

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Key observations on 2021 remuneration reports published by 1 March 2022

Onlly few changes in remuneration policies - but increased level of transparancy around target setting and above target bonus pay-out levels.

Contact our Team:

Roel van der Weele  Anita Kuiper Erik van Dijk
Director Deloitte Netherlands  Manager Deloitte Netherlands  Manager Deloitte Netherlands
+31(0)88 288 8644 +31(0)88 286 0187 +31(0)88 286 01 97
rvanderweele@deloitte.nl akuiper@deloitte.nl ervandijk@deloitte.nl

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