Company: INGVF
Filing Date: 2025-03-06
Form Type: 20-F
Source: 0001628280-25-010764
Chunk: 182

Company: ING GROEP NV
Filing Date: 2025-03-06
Form: 20-F
Item: Item 6
Chunk 182
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Contents       Part I         Part II        Part III       Additional information        Financial statements    
C.    Board practices 
For information regarding board practices, see Item 6.A.
Severance payments to members of the Executive Board 
The contracts entered into with the members of the EB provide for severance payments that become due upon termination of the applicable member’s contract, including if termination occurs in connection with a public bid as defined in section 5:70 of the Dutch Financial Supervision Act. Severance payments to the members of the Executive Board are limited to a maximum of one year’s fixed salary.
Transactions between ING Group and significant shareholders 
ING Group did not enter into any transactions with shareholders holding at least 10 percent of the share capital.
D. Employees 
The average number of internal employees at a full time equivalent basis was 61,121 at the end of 2024, of which 14,821 or 24%, were employed in the Netherlands. Substantially all of the Group’s Dutch employees are subject to a collective labor agreement covering ING in the Netherlands. 
The distribution of employees with respect to the Group’s continuing operations for the years 2024, 2023 and 2022 were as follows:

Number of employees                                                                                                                                                                                                  
                                                                                 Netherlands                                  Rest of the world                            Total                                     
2024                                                                                            2023           2022           2024           2023           2022           2024           2023           2022        
Total average number of internal employees at full time equivalent basis         14,821         14,449         14,488         46,301         44,985         43,081         61,121         59,434         57,569      
The Group employs a number of temporary employees. The average number of temporary employees, not included in the table above, at a full time equivalent basis was 3,420 at the end of 2024.
E.    Share ownership
For information regarding share ownership, see Item 6.B of this Form 20-F, Note 45 'Related parties' and Note 25 'Staff expenses' in the consolidated financial statements.
F.    Disclosure of a registrant’s action to recover erroneously awarded compensation
Not applicable. 
Reference is made to Exhibit 97 to this Form 20-F for the policy on 'Clawback rules for erroneously awarded variable remuneration for executive officers'. 

ING Group Annual Report 2024 on Form