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Note E: Shareholder's equity

Subscribed share capital The holders of common shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at the Annual General Meeting of shareholders. The holders of the priority shares are entitled to dividend of 6 percent per share or the statutory interest in the Netherlands, whichever is lower, plus any accrued and unpaid dividends. They are entitled to 200 votes per share (in accordance with the 200 times higher nominal value per share) at the Annual General Meeting of shareholders. In addition, the holders of priority shares have the right to draw up binding lists of nominees for appointment to the [...]

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Share Dealing Code

Members of the Board of Management, the Executive Committee and the Supervisory Board are subject to the AkzoNobel Share Dealing Rules, which limit their opportunities to trade in AkzoNobel securities. In accordance with Dutch law and regulations, transactions in AkzoNobel shares carried out by Board of Management, Executive Committee and Supervisory Board members are, as and when required, notified to the Dutch Authority for the Financial Markets. The Board of Management, Executive Committee and Supervisory Board members require authorization from the General Counsel prior to carrying out any transactions in respect of AkzoNobel securities, even in a so-called [...]

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Note 4: Employee benefits

[...] to ongoing restructuring An increase of 1,130 employees, due to new hires in high growth markets. Share-based compensation Share-based compensation relates to the performance-related share plan as well as the share matching plan. Charges recognized in the 2013 statement of income for share-based compensation amounted to €43 million and are included in salaries and wages (2012: €43 million). Performance-related share plan Under the performance-related share plan, a number of conditional shares are granted to the members of the Board of Management, members of the Executive Committee and executives each year. The number of participants of the performance-related [...]

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Remuneration policy

[...] Board of Management consists of: Base salary Performance-related short-term incentive (STI), with shareholding requirement related share matching opportunity Performance-related long-term incentive (LTI) in the form of shares Post-employment benefits Other benefits The various elements of the remuneration package are set out in more detail below. Base salary The base salary is determined by the Supervisory Board. Short-term incentive (annual bonus) The target STI is 100 percent of the base salary for the CEO and 65 percent of the base salary for any other member. The STI is linked to financial targets (70 percent), as well as the individual and qualitative targets [...]

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Note 1: Summary of significant accounting policies

[...] as presented in this report are subject to the adoption by the Annual General Meeting of shareholders. Consolidation The Consolidated financial statements include the accounts of Akzo Nobel N.V. and its subsidiaries. Subsidiaries are companies over which Akzo Nobel N.V. has directly and/or indirectly the power to control the financial and operating policies so as to obtain benefits. In assessing control, potential voting rights that are presently exercisable or convertible are taken into account. The financial statements of subsidiaries are included in the Consolidated financial statements from the date that control commences until the date that control ceases. [...]

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Profit allocation and distributions

Article 43 43.6 The Board of Management shall be authorized to determine, with the approval of the Supervisory Board, what share of profit remaining after application of the provisions of the foregoing paragraphs shall be carried to reserves. The remaining profit shall be placed at the disposal of the Annual General Meeting of shareholders, with due observance of the provisions of paragraph 7, it being provided that no further dividends shall be paid on the preferred shares. 43.7 From the remaining profit, the following distributions shall, to the extent possible, be made as follows: (a) to the holders of priority shares: 6 percent per share or the statutory [...]

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Note 22: Remuneration of the Supervisory Board and the Board of Management

[...] benefits and other post-employment compensation (2012: €1.5 million) and €5.8 million to share-based compensation (2012: €8.1 million). Supervisory Board Members of the Supervisory Board receive a fixed remuneration: €100,000 for the Chairman, €60,000 for the Deputy Chairman and €50,000 for the other members. Members of committees receive an extra compensation. Members living outside the Netherlands receive an attendance fee dependent on the country of residence. Members who are resident in the Netherlands do not receive an attendance fee except for meetings held outside the Netherlands. In accordance with the Articles of Association and good corporate [...]

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Performance share plan

In line with the remuneration policy, as applicable in previous grant years, vesting of 50 percent of the shares conditionally granted in 2011 under the performance share plan (in respect of which the performance period ended on December 31, 2013) was linked to AkzoNobel’s relative sustainability performance by taking AkzoNobel’s average position in the RobecoSAM ranking. For all conditional grants made in 2011, the relevant vesting scheme has been determined by the Supervisory Board as follows: Average position in RobecoSAM ranking during performance period Rank Vesting (as % of half of conditional grant) 1 150% 2 125% 3 100% 4 – 6 75% 7 – 10 50% 11 – 15 [...]

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AkzoNobel on the capital markets

Proposed dividend of €1.45 per share (on a par with 2012) Settlement of $500 million bond which matured at the end of 2013 Close dialog with the capital markets We attach great value to maintaining an open dialog with the financial community in order to promote transparency. Management gave presentations at a number of industry conferences during the year, as well as holding meetings with investors and analysts. In February, a strategy update was issued to reinforce the vision of leading market positions delivering leading performance. Share price performance Our share price increased 12 percent in 2013, underperforming both the DJ Stoxx Chemicals and AEX [...]

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Other indicators

[...] 666 Net cash from operating activities 737 716 (3) Net debt 2,298 1,529 Net income attributable to shareholders (2,092) 724 Earnings per share from total operations (in €) (8.82) 3.00 Adjusted earnings per share (in €) 2.55 2.62 Number of employees 50,610 49,560 Revenue Revenue in Decorative Paints declined 3 percent compared with 2012 due to adverse currency effects and divestments. Volumes were up 3 percent for the year with increases in all regions except Europe, which was flat overall, reflecting the difficult trading conditions Revenue in Performance Coatings declined 2 percent compared with the previous year, due to adverse currencies and overall flat [...]

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