TlB Annual Report 2009 - Triodos Bank

Breakdown of the pension expenses for defined benefit pension schemes:
2009 2008
Increase in present value of pension rights granted 1,309 1,169
Interest expense 836 622
Expected revenues from fund investments -225 -373
Other expenses 80 61
Actuarial results allocated to the financial year 31 -79
2,031 1,400
Charged on to related parties -99 -94
1,932 1,306
Other expenses
The other expenses include expenses regarding the deposit guarantee scheme in the amount of EUR 2.6 million
(2008: EUR 0.5 million).
Remuneration policy
The salary system employed by Triodos Bank is based on the principle that the income is generated by the joint
efforts of all co-workers. Salaries are set based on:
a system of job evaluation that is itself based on the tasks and difficulty of the position concerned;
restrictions on the difference between the lowest and highest final salaries at Triodos Bank.
The salaries paid to the members of the Executive Board are set by the Supervisory Board’s Nomination and
Compensation Committee. The basic principles of the Triodos Bank salary system are taken into account, whereby
such a salary is offered that sufficient members of qualified management personnel can be attracted and
retained.
The remuneration paid to Supervisory Board members and members of the Foundation for the Administration of
Triodos Bank Shares (SAAT) Board of Trustees is set at the Annual General Meeting of Depository Receipt Holders.
No loans, advances or guarantees have been granted to members of the Executive Board, Supervisory Board
members or members of SAAT’s Board of Trustees. For reasons of principle, no share option scheme is offered to
members of the Executive Board, Supervisory Board members or members of SAAT’s Board of Trustees.
REMUNERATION PAID TO THE EXECUTIVE BOARD
As from 2009 the information about the remuneration of all the members of the Executive Board are published.
The comparable figures for 2008 have been adjusted.
The remuneration paid to the members of the Executive Board is as follows:
2009 2008
Salary expenses and reimbursement of expenses 634 568
Pension expenses 153 126
Social expenses 26 27
813 721
TRIODOS BANK - ANNUAL REPORT 2009 109