Terms of reference of the Nomination & Remuneration Committee (pdf)
2023 board evaluation – process and findings (pdf)
Policy
Remuneration Policy (pdf)
Vederlagspolitik (pdf)
Reports
Remuneration report 2023 (pdf)
Remuneration report 2022 (pdf)
Remuneration report 2021 (pdf)
Remuneration report 2020 (pdf)
Remuneration report 2019 (pdf)
Remuneration report 2018 (pdf)
Remuneration report 2017 (pdf)
The Board of Directors has established a Nomination & Remuneration Committee. The members of the committee are appointed among and by the members of the Board of Directors, and currently the members are Lene Skole (Chair), Andrew Brown, and Julia King.
The committee assists the Board of Directors in matters regarding the composition, remuneration, and performance of the Board of Directors and the Group Executive Team.
In 2023, the committee discussed the need for replacing the CFO and COO, including the appointment of an interim CFO and interim COO, and the appointment of Varun Sivaram as a new member of the Group Executive Team, replacing Neil O’Donovan.
The committee also reviewed an amendment of the short-term incentive scheme (STI) for the wider management team by implementing similar changes as the amendment introduced in 2022 for the Executive Board where the weight of shared KPIs was increased, including an explicit link to our sustainability ambitions.
Three meetings have been held in the committee in 2023.
You can download the terms of reference of the Nomination & Remuneration Committee via the link above.
