In accordance with relevant legislation, the board of directors of Norconsult ASA prepares an executive remuneration policy describing the principles and approaches used for setting the remuneration for the leading personnel of the Norconsult group. The policy covers the Board, Board committees, Nomination Committee, President and CEO and executives who report directly to the CEO. The policy describes the process of remuneration to the leading personnel and defines the total remuneration components.
The policy is initially effective for a period of four years. A new policy may be issued by the board of directors before the four-year term concludes, in case of material changes. A new policy is subject to approval by the annual general meeting before it is implemented.
Links to the annual remuneration reports prepared on the basis of the remuneration policy can be found under General meetings - Norconsult Investor Relations.