{
  "url": "https://openlegislation.uk/eu-decision-2010-396/annex/division-1/division-vii",
  "json_url": "https://openlegislation.uk/eu-decision-2010-396/annex/division-1/division-vii.json",
  "legislation": "eudn/2010/396",
  "legislation_title": "Commission Decision of 18 November 2009 on the State aid C 18/09 (ex N 360/09) implemented by Belgium for KBC (notified under document C(2009) 8980) (Only the English text is authentic) (Text with EEA relevance) (2010/396/EC)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2010-396",
  "path": "annex/division/1/division/vii",
  "kind": "division",
  "number": "(vii)",
  "heading": "With regard to the limitation of KBC executive remuneration, the Belgian authorities commit that:",
  "text": "(a) KBC commits to develop a sustainable remuneration policy for the Executive Committee and Senior Management. KBC’s Executive Committee and Senior Management incentive schemes will be linked to long-term value creation taking account of risk and restricting the potential for ‘rewards for failure’. Exit schemes or statutory compensation for dismissal are limited to twelve months’ fixed salary for KBC’s Executive Committee Members;\n(b) In addition, Executive Committees of KBC, KBC Bank NV and KBC Verzekeringen NV forego all bonuses for 2008 (cash as well as options and share rewards).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2010/396/annex/division/1/division/vii",
    "retrieved_at": "2026-11-01T15:16:04.602874+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}