The Board of Directors has in 2018 formed a Nomination and Remuneration Committee, replacing the Remuneration Committee.
Thomas Thune Andersen (Chairman), Lene Skole and Pia Gjellerup are the members of the Nomination and Remuneration Committee.
The committee assists the Board of Directors in preparing and implementing the remuneration policy. The committee assesses and prepares recommendations on Group Executive Management’s salary adjustments, bonuses, the application of retention schemes for key employees, the use of one-off payments and introduction of new compensatory elements.
In 2017, the former Remuneration Committee discussed, among other things, payment of retention bonuses granted in connection with the divestment of our upstream oil and gas business.
Three meetings have been held in 2017 as the then former Remuneration Committee.
You can download the terms of reference of the Nomination and Remuneration Committee via the link above.