Saturday 16 November 2019

Stock bonuses boost executive income at biggest Dutch firms

The total remuneration of the top executives of the largest Dutch bourse-listed companies rose by an average of 15% in 2016 compared to the previous year, the Financieele Dagblad reported on Friday.

The average pay package of a company chairman reached €4.3m against €3.8m in 2015. The increase  is largely due to the long-term bonus which is paid in shares, according to a survey by human capital advisor Focus Orange which was commissioned by the FD.

Of the 22 companiers included in the survey, CEOs at 14 were required to build up a package of shares in the company. The average package is worth six times annual salary. Most are far higher.

Unilever’s Paul Polman received €44.4m worth of shares over 2016, the equivalent of 35 times his basic salary. Jean-François van Boxmeer received 16.5m in Heineken shares while Erik Engstrom was paid €15.5m in Relx shares: both were paid about 10 times their annual salary, the survey showed. has been free for 13 years, but now we are asking our readers to help. Your donation will enable us to keep providing you with fair and accurate news and features about all things Dutch.
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