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## ❏ REMUNERATION POLICY AND REPORT 

AEGON’s Remuneration Policies set out terms and conditions for the employment of Executive Board members and the remuneration of members of the company’s Supervisory Board. AEGON’s current Remuneration Policy for members of the Executive Board has been in force since the beginning of 2010. 

AEGON’s Remuneration Policies set out terms and conditions for the employment of Executive Board members and the remuneration of members of the company’s Supervisory Board. The Compensation Committee of AEGON’s Supervisory Board has overall responsibility for the company’s Remuneration Policies. Members of the Committee are drawn from the Supervisory Board$^{ 1}$. 

Each year, AEGON’s Compensation Committee reviews AEGON’s Remuneration Policies to ensure they remain in line with prevailing international standards. This review is based partly on information provided by AEGON’s external advisor, Towers Watson. Towers Watson does 

## SUPERVISORY BOARD REMUNERATION POLICY 2010 

AEGON’s Remuneration Policy with regard to members of its Supervisory Board is aimed at ensuring fair compensation, and protecting the independence of the Board’s members. Terms and conditions for members of the Supervisory Board are part of AEGON’s broader remuneration policy, and are the responsibility of the Compensation Committee of the Supervisory Board. 

## Fees and entitlements 

Members of the Supervisory Board are entitled to the following: 

■ A base fee for membership of the Supervisory Board itself. No attendance fees are paid to members for the attendance of the seven regular Supervisory Board meetings. 

■ An attendance fee of EUR 3,000 for each Supervisory Board meeting, attended in person or by video or telephone conference, other than one of the seven regular Supervisory Board meetings. 

■ A committee fee for members on each of the Supervisory Board’s Committees. 

not advise individual members of the Executive and Supervisory Boards. The Compensation Committee may recommend changes to the two Policies to the Supervisory Board. Any material changes must also be referred to the General Meeting of Shareholders for adoption. In 2010, AEGON introduced a new Remuneration Policy for members of the company’s Executive Board. This Policy was adopted by the annual General Meeting of Shareholders on April 29, 2010, and introduced retroactively from January 1, 2010. 

In 2010, the General Meeting of Shareholders also agreed to two adjustments to the Remuneration Policy for the members of the Supervisory Board. 

■ An attendance fee for each Committee meeting attended in person or through video and telephone conferencing facilities. 

Each of these fees is a fixed amount. Members of AEGON’s Supervisory Board do not receive any performance or equity-related compensation, and do not accrue pension rights with the company. These measures are designed to ensure the independence of Supervisory Board members and strengthen the overall effectiveness of AEGON’s corporate governance. 

Under the current Policy, members of the Supervisory Board are entitled to the following fees: 

## Base fee 

Amount in EUR per annum 

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1 Members of the Compensation Committee are as follows: Leo M. van Wijk (Chairman), Irving W. Bailey II, Karla M. H. Peijs and Robert J. Routs. 

2 For meetings in excess of the seven regular scheduled meetings. 

