3.4.5Supervisory Board Remuneration in 2020

Remuneration of the Supervisory Board by member in thousands of EUR 

In accordance with the Supervisory Board Remuneration Policy, the remuneration paid out to the Supervisory Board in 2020 is as follows:

Name of Supervisory Board Member, Position

Year

Fees

Committee fees

Other benefits1

Total remuneration

Proportion of fixed and variable remuneration

Roeland Baan, Chairman2

2020

108

11

1

119

100% / 0%

2019

75

16

1

92

100% / 0%

Andy Brown, Vice-Chairman2

20203

58

7

0

66

100% / 0%

2019

-

-

-

-

-

Bernard Bajolet, Member

2020

75

8

1

84

100% / 0%

2019

75

8

1

84

100% / 0%

Francis Gugen, Member

2020

75

10

1

86

100% / 0%

2019

75

10

1

86

100% / 0%

Sietze Hepkema, Member

2020

75

8

1

84

100% / 0%

2019

75

8

1

84

100% / 0%

Laurence Mulliez, Member

2020

75

16

1

92

100% / 0%

2019

75

16

1

92

100% / 0%

Cheryl Richard, Member

2020

75

9

6

90

100% / 0%

2019

75

9

31

115

100% / 0%

Jaap van Wiechen, Member

20203

55

6

0

61

100% / 0%

2019

-

-

-

-

-

Floris Deckers, Chairman4

20205

32

5

0

37

100% / 0%

2019

120

17

1

138

100% / 0%

Thomas Ehret, Vice-chairman4

20205

20

3

0

23

100% / 0%

2019

80

10

1

91

100% / 0%

  • 1 Other benefits items for the supervisory board consist mainly of the lump sum for intercontinental travel at EUR 5,000 each and a yearly expense allowance of EUR 500
  • 2 As per April 8, 2020
  • 3 Remuneration based on months after appointment at the AGM
  • 4 Until April 8, 2020
  • 5 Remuneration based on months prior to retirement at the AGM

Comparative table on the change of remuneration and company performance over the last five reported financial years in thousands of EUR

In the table below, information on the annual change of remuneration of each individual Supervisory Board member is set out over the five most recent financial years.

Annual Change1

2015

2016

2017

2018

2019

2020

Roeland Baan, Chairman2

-

-

-

66

28% / 92

23% / 119

Andy Brown, Vice-Chairman2

-

-

-

-

-

66

Bernard Bajolet, Member

-

-

-

60

28% / 84

0% / 84

Francis Gugen, Member

87

(2%) / 85

0% / 85

0% / 85

1% / 86

0% / 86

Sietze Hepkema, Member

59

29% / 83

0% / 83

0% / 83

1% / 84

0% / 84

Laurence Mulliez, Member

53

34% / 81

2% / 83

2% / 85

7% / 92

0% / 92

Cheryl Richard, Member

78

26% / 106

2% / 108

(9%) / 99

14% / 115

(28%) / 90

Jaap van Wiechen, Member

-

-

-

-

-

61

Floris Deckers, Chairman3

92

0% / 92

0% / 92

26% / 124

10% / 138

(268%) / 37

Thomas Ehret, Vice-chairman3

89

1% / 90

0% / 90

0% / 90

1% / 91

(300%) / 23

Frans Cremers, former member

123

10% / 137

0% / 137

(251%) / 39

-

-

Lynda Armstrong, former member

89

2% / 91

0% / 91

(203%) / 30

-

-

  • 1 For the comparative company performance and average employee expenses on a full-time equivalent basis we refer to the comparative of the Management Board table in section 3.4.3
  • 2 As per April 8, 2020
  • 3 Until April 8, 2020

None of the Supervisory Board members receives remuneration that is dependent on the financial performance of the Company, as per best practice 3.3. of the Corporate Governance Code.

With the exception of Sietze Hepkema, none of the Supervisory Board members have reported holding shares (or other financial instruments) in SBM Offshore N.V. His entire shareholding relates to the (share based) remuneration he has received as a Management Board member in the past.

SBM Offshore does not provide loans or advances to Supervisory Board members and there are no loans or advances outstanding.