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Supervisory Board Remuneration
The General Meeting determines the remuneration of the members of the Supervisory Board. The remuneration of the Supervisory Board is not linked to the financial results of the Company and they do not receive any performance- or equity-related compensation nor accrue any pension rights with the Company. None of the Supervisory Directors may hold shares, options for shares or similar securities other than as a long-term investment.
Remuneration for the Supervisory Board in 2016
The total aggregated remuneration of the Supervisory Board in 2016 was €313,000. Supervisory Board members are reimbursed for all reasonable costs of travel, accommodation and representation incurred in the performance of their duties. As of 31 December 2016, Willem Eelman held 2,650 GrandVison shares as a long-term investment, Kees van der Graaf held 2,100 GrandVison shares as a long-term investment. None of the other Supervisory Board members held any GrandVision shares or options on GrandVision shares.
For more detail on the 2016 remuneration of the Supervisory Board, see note 37.4 to the Consolidated Financial Statements, entitled 'Supervisory Board Remuneration'.