Company: INGVF
Filing Date: 2025-03-06
Form Type: 20-F
Source: 0001628280-25-010764
Chunk: 174

Company: ING GROEP NV
Filing Date: 2025-03-06
Form: 20-F
Item: Item 6
Chunk 174
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 fixed fees related to their role and number of meetings. The high fluctuations are caused by the role changes during the year and differences in the number of meetings. 
ING Group Annual Report 2024 on Form 20-F 108

Contents       Part I         Part II        Part III       Additional information        Financial statements    
Supervisory Board remuneration
Supervisory Board remuneration policy 
Our Supervisory Board remuneration policy was approved by shareholders at the 2024 AGM and became effective retroactively from 1 January 2024 until the 2028 AGM at the latest. The full policy, including contract information and governance, can be found on ING.com/remuneration. The Supervisory Board remuneration policy is aimed at enabling ING to attract qualified SB members with the ability, experience, skills, values and behaviours to deliver on ING's strategy, long-term interest and sustainability. 
Supervisory Board remuneration policy summary 
The SB remuneration structure is outlined in the Supervisory Board remuneration policy. The remuneration components and operation of the Supervisory Board remuneration policy are set out in the table below. 

Remuneration component                                         Operation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
Annual remuneration, committee fees and attendance fees        ▪SB members receive fees for their service on the SB as set out in the remuneration structure table below. The remuneration is awarded to the SB members by the General Meeting. ▪The remuneration structure reflects the roles and responsibilities of individual SB members. ▪All fees are paid out fully in cash. No variable remuneration is provided to ensure that the SB members can maintain independence and provide objective stewardship of ING, thereby contributing to the long-term performance of the company. ▪The fees of SB members may be indexed annually based on the salary increases for the wider workforce within ING for that relevant year.▪Any adjustments in fee levels other than those following from the indexation will be subject to the approval of the General Meeting. ▪Any changes in the fee levels will be presented in ING’s Annual Report for the relevant year.4    
Expenses                                                       ▪SB members are reimbursed for their travel and business-related expenses incurred in their capacity as SB members.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
In accordance with the Articles of Association ING indemnifies the members of the SB as far as legally permitted against direct financial losses in connection with claims from