CLB 2019 Proxy Statement

48 COMPENSATION COMMITTEE REPORT In preparation for the filing of this proxy statement with the SEC, the Compensation Committee: • reviewed and discussed the Company's disclosure set forth herein below the heading "Compensation Discussion and Analysis" with management; and • based on the reviews and discussions referred to above, recommended to the Supervisory Board that the disclosure set forth herein below the heading "Compensation Discussion and Analysis" be included in this proxy statement and incorporated by reference into our annual report on Form 10-K for the year ended December 31, 2018. Submitted by the Compensation Committee of the Board of Supervisory Directors. COMPENSATION COMMITTEE Michael Straughen (Chairman) Margaret Ann van Kempen