64 ❏ REMUNERATION POLICY AND REPORT AEGON’s Remuneration Policies set out terms and conditions for  the employment of Executive Board members and the remuneration  of members of the company’s Supervisory Board. AEGON’s current  Remuneration Policy for members of the Executive Board has been  in force since the beginning of 2010. AEGON’s Remuneration Policies set out terms and  conditions for the employment of Executive Board  members and the remuneration of members of the  company’s Supervisory Board. The Compensation  Committee of AEGON’s Supervisory Board has overall  responsibility for the company’s Remuneration Policies.  Members of the Committee are drawn from the  Supervisory Board$^{ 1}$.  Each year, AEGON’s Compensation Committee reviews  AEGON’s Remuneration Policies to ensure they remain in  line with prevailing international standards. This review  is based partly on information provided by AEGON’s  external advisor, Towers Watson. Towers Watson does  not advise individual members of the Executive and  Supervisory Boards. The Compensation Committee may  recommend changes to the two Policies to the  Supervisory Board. Any material changes must also be  referred to the General Meeting of Shareholders for  adoption. In 2010, AEGON introduced a new  Remuneration Policy for members of the company’s  Executive Board. This Policy was adopted by the annual  General Meeting of Shareholders on April 29, 2010, and  introduced retroactively from January 1, 2010. In 2010, the General Meeting of Shareholders also  agreed to two adjustments to the Remuneration Policy  for the members of the Supervisory Board.  SUPERVISORY BOARD  REMUNERATION POLICY 2010 AEGON’s Remuneration Policy with regard to members  of its Supervisory Board is aimed at ensuring fair  compensation, and protecting the independence of the  Board’s members. Terms and conditions for members of  the Supervisory Board are part of AEGON’s broader  remuneration policy, and are the responsibility of the  Compensation Committee of the Supervisory Board. Members of the Supervisory Board are entitled to the  following: Fees and entitlements  ■ An attendance fee for each Committee meeting  attended in person or through video and telephone  conferencing facilities. ■ A base fee for membership of the Supervisory Board  itself. No attendance fees are paid to members for the  attendance of the seven regular Supervisory Board  meetings.  ■ An attendance fee of EUR 3,000 for each Supervisory  Board meeting, attended in person or by video or  telephone conference, other than one of the seven  regular Supervisory Board meetings.  ■ A committee fee for members on each of the  Supervisory Board’s Committees. Each of these fees is a fixed amount. Members of  AEGON’s Supervisory Board do not receive any  performance or equity-related compensation, and  do not accrue pension rights with the company. These  measures are designed to ensure the independence of  Supervisory Board members and strengthen the overall  effectiveness of AEGON’s corporate governance.  Under the current Policy, members of the Supervisory  Board are entitled to the following fees: Base fee  Amount in EUR per annum For membership of the Supervisory Board Chairman 60,000 Vice chairman 50,000 Member  40,000 1 Members of the Compensation Committee are as follows: Leo M. van Wijk (Chairman), Irving W. Bailey II, Karla M. H. Peijs and  Robert J. Routs. 2 For meetings in excess of the seven regular scheduled meetings.