Annual Report 2020

Management Board

The Supervisory Board has determined the 2020 payouts and awards to the members of the Management Board, upon the proposal of the Remuneration Committee. The proposal is in accordance with the Remuneration Policy of GrandVision N.V. for the Management Board and Supervisory Board Directors and the Long-term Incentive Plan for 2015. The impact of COVID-19 resulted in the Supervisory Board carefully assessing the most appropriate and fair way to deal with executive remuneration. The impact of COVID-19 reflected in the bonus payout of the Management Board directors.