Compensation Committee

The Board’s Compensation Committee draws up proposals for principles of compensation for the CEO and for other members of management, which are submitted for approval to the general meeting and the Board of Directors, respectively.

The Compensation Committee also prepares proposals for terms of employment for the CEO and Chairman and submits these for approval to the Board. The Committee decides on terms of employment for other members of management and prepares the Board’s proposals for incentive schemes and pension plans requiring resolutions by the general meeting. It also monitors outstanding options schemes.