Remuneration Committee

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• Remuneration Committee

The Board of Directors appoints a Remuneration Committee from within its ranks. The Committee’s tasks include preparing proposals with respect to remuneration for the President, and to reach decisions on remuneration proposals for managers who report directly to the President.

The Remuneration Committee monitored and evaluated the application of the principles for remuneration and other employment conditions for Group management that were adopted at the 2010 Annual General Meeting, concerning remuneration structures and remuneration levels, and otherwise considered needs for changes.

The Remuneration Committee also monitored and evaluated the Nobia Group’s employee share options scheme. In the Remuneration Committee’s opinion, there are reasonable grounds to continue with both the remuneration principles and incentive schemes in the forthcoming year that essentially conform to those principles and schemes applied in previous years.