Compensation approval

The table below shows the role of the Compensation Committee in approving compensation levels.

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Decision on

Proposed

Reviewed/Endorsed

Approved

1

Board member concerned abstains from voting

Total amount for Annual Performance Incentive payments

Compensation Committee

Chairman

Board of Directors

Total amount for long-term incentive plans

Compensation Committee

Compensation Committee

Board of Directors

Remuneration of the members of the Board of Directors1

Compensation Committee, Chairman

 

Board of Directors

Compensation of the Group CEO

Compensation Committee, Chairman

 

Board of Directors

Individual compensation of the members
of the Group EC (excl. Group CEO)

Group CEO

Chairman

Compensation Committee