The Executive Board’s remuneration policy reflects our longstanding remuneration principles of supporting the business strategy, paying for performance, and paying competitively and fairly. The remuneration policy and underlying principles continue to support our business growth in the widely diverse markets in which we operate. In 2014 the Remuneration Committee reviewed the remuneration policy versus its implementation, and its outcome versus performance. As a result, the Supervisory Board concluded that there were no reasons to recommend adjustments to the remuneration policy to the 2015 Annual General Meeting (AGM).