Guidelines for remuneration

Guidelines for salary and other remuneration to senior executives.

The Board will annually submit a proposal for guidelines for remuneration to senior executives each yearwhich shall be determined by the Annual General Meeting in accordance with the Companies Act. The Companies Act also sets out what the principles guidelines should contain and what evaluations to be made.

The following decision was taken by the Annual General Meeting.
Senior executives refer to the CEO and other members of management. Remuneration to senior executives shall consist of fixed salary and pension. The total compensation should be competitive, and be related to responsibility and authority.

In determining the salary shall the individual responsibilities, skills and experience be taken into account. Salary is usually reconcidered once a year. Pension benefits shall be based on charge. The Board may deviate from the guidelines in individual cases if there are special reasons.