Ahold Delhaize – AGM 08 April 2020
In general, Ahold Delhaize is in compliance with the Dutch regulations relating to the organisation and procedures of the Annual General Meeting.
Under ITEM 9 approval is sought for the Company's remuneration policy. The maximum variable compensation, corresponding to 503% of annual base salary (150% ST and 353% LT), is in excess of ECGS' guidelines. ECGS therefore recommends to vote OPPOSE.
Under ITEM 16 it is proposed to elect Mr. Kevin Holt to the executive board and to make an individual exception to the Company's remuneration policy. Although it has no concerns over the re-election of Mr. Holt, ECGS notes that it is simultaneously proposed to make an individual exception to the Company's remuneration policy. ECGS does NOT approve of said individual exception as the proposed maximum total variable salary exceeds the threshold under its guidelines. Accordingly, ECGS recommends vote OPPOSE.
There are no further peculiarities.
Koninklijke Ahold Delhaize is an international group of supermarket and foodservice operators based in Europe and the U.S. Co. operates supermarkets and convenience stores. In addition, Co. provides online food retailing services. Co. also finances, develops and manages store sites and shopping centers. Ahold Europe comprises Albert Heijn in the Netherlands and Belgium; Etos, Gall & Gall, and albert.nl in the Netherlands; and Albert / Hypernova in the Czech Republic and Slovakia. Ahold USA is organized into four retail divisions: Giant Carlisle, Giant Landover, Stop & Shop New England, and Stop & Shop New York Metro. The Peapod online business is also part of Ahold USA.
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