Under agenda item 10c, the Supervisory Board of the Company proposes to increase the Long-Term variable compensation opportunity per January 2017. The target and maximum variable remuneration remain within the limits set in our guidelines. We have no further concerns over the proposal to increase the LTI and recommend approval.
Under agenda item 11, the Supervisory Board proposes to increase the Supervisory Board fee for the financial years 2017-2018. The proposed supervisory board fees remain within the limits set in our guidelines. We have no concerns over the proposal
recommend approval. We are concerned about the lack of gender diversity (and lack of policy) at the Supervisory Board of Vopak and we will reflect this over a future (re-)appointment of the Chairman of the Selection and Appointment Committee.
Royal Vopak is a holding company. Via its subsidiaries, Co. acts as a tank storage provider for the oil and chemical industry. Co. operates a network of terminals located at locations along trade routes. Co. also provides a range of additional services, from loading and unloading a range of transport modalities to heating, cooling, blending and customs formalities. The customers Co. serves range from global to local clients and include national and global producers, governments, distributors and traders of liquid and gaseous bulk products. Co.'s customers are active in the production, trading and marketing of oil products, chemicals, gases, biofuels, edible oils and liquefied natural gas.
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