Philips 2005 Annual Report Download - page 173

Philips Annual Report 2005 173
Remuneration of the Supervisory Board
The remuneration of the members of the Supervisory Board amounted
to EUR 496,625 (2004: EUR 422,016, 2003: EUR 399,328); former
members received no remuneration.
The annual remuneration for individual members is EUR 41,000 and for
the Chairman EUR 75,000. Additionally, the annual remuneration for a
regular member of a committee of the Supervisory Board is compensated
by an amount of EUR 4,500, for the Chairman of a committee EUR 6,000
and for the Chairman of the Audit Committee EUR 7,000. At year-endE
2005, the present members of the Supervisory Board held no stock options.
The individual members of the Supervisory Board received, by virtue of
the positions they held, the following remuneration (in euros):
2005
membership committees total
L.C. van Wachem
(January-March) 37,500 2,625 40,125
W. de Kleuver 66,500 10,500 77,000
L. Schweitzer 41,000 1,125 42,125
R. Greenbury 41,000 4,500 45,500
J-M. Hessels 41,000 7,000 48,000
K.A.L.M. van Miert 41,000 4,500 45,500
C.J. van Lede 41,000 5,625 46,625
J.M. Thompson 41,000 4,500 45,500
E. Kist 41,000 3,375 44,375
N.L. Wong (April-December) 41,000 −41,000
J.J. Schiro
(October-December) 20,500 375 20,875
452,500 44,125 496,625
2004
membership committees total
L.C. van Wachem 74,874 9,076 83,950
W. de Kleuver 40,840 9,076 49,916
L. Schweitzer 40,840 −40,840
R. Greenbury 40,840 4,538 45,378
J-M. Hessels 40,840 4,538 45,378
K.A.L.M. van Miert 40,840 4,538 45,378
C.J. van Lede 40,840 4,538 45,378
J.M. Thompson 40,840 4,538 45,378
E. Kist (July-December) 20,420 −20,420
381,174 40,842 422,016
2003
membership committees total
L.C. van Wachem 74,874 9,076 83,950
W. de Kleuver 40,840 9,076 49,916
L. Schweitzer 40,840 −40,840
R. Greenbury 40,840 4,538 45,378
J-M. Hessels 40,840 4,538 45,378
K.A.L.M. van Miert 40,840 4,538 45,378
C.J. van Lede
(April-December) 40,840 3,404 44,244
J.M. Thompson
(April-December) 40,840 3,404 44,244
360,754 38,574 399,328
Supervisory Board members’ and Board of Management members’
interests in Philips shares
Members of the Supervisory Board and of the Board of Management
are not allowed to take any interests in derivative Philips securities.
number of shares
as of
December 31,
2004
as of
December 31,
2005
W. de Kleuver 4,131 4,131
L. Schweitzer 1,070 1,070
J.M. Thompson 1,000 1,000
G.J. Kleisterlee 107,004 118,205
G. Dutiné 3,912 11,380
A. Huijser 30,508 37,976
37
Fair value of nancial assets and liabilities
Theestimatedfairvalueofnancialinstrumentshasbeendetermined
by the Company using available market information and appropriate
valuation methods. The estimates presented are not necessarily
indicative of the amounts that the Company could realize in a current
market exchange or the value that will ultimately be realized by the
Company upon maturity or disposal. Additionally, because of the variety
of valuation techniques permitted under SFAS No. 107, ‘Disclosures
about Fair Value of Financial Instruments’, comparisons of fair values
between entities may not be meaningful. The use of different market
assumptions and/or estimation methods may have a material effect on
the estimated fair value amounts.
3737