Nomination Committee

The Nomination Committee is appointed by the major shareholders, in accordance with a procedure resolved by the Annual General Meeting.

The main task of the Nomination Committee is to propose candidates for election to the Board of Directors. In doing this, the Committee must not only orientate itself on the company’s strategy and future challenges to be able to assess the competence and experience that is required by the Board; it must also consider all applicable rules on independence of the Board of Directors.

The Committee also prepares remuneration proposals for resolution by the Annual General Meeting to Directors elected by the Annual General Meeting and to the auditor. The assignment of the Nomination Committee further includes proposing auditors.