Remuneration Committee

The Remuneration Committee consists of Jens Bager (Chair), Todd Dunlap and Klaus Holse. Among its duties, the Committee shall prepare the following items for decision by the Board:

• Salary, other compensation and also pension benefits of the CEO;
• Salary, other compensation and pension benefits of the Executive Chair;
• the Company’s policy on remuneration and other terms of employment for senior management; and
• Stock option plans and similar arrangements as well as other reward or compensation forms intended to be directed to a wider circle of persons employed within the group.

The Committee shall also monitor and evaluate programmes for variable remuneration, both ongoing and those that have ended during the year, for senior management. Further, the Committee shall monitor and evaluate the application of the guidelines for remuneration, as well as the current remuneration structures and levels in the company.