Remuneration and Nomination Committee

The Remuneration and Nomination Committee consists of three non-executive Directors, which the Board of Directors appoints on the proposal of the Remuneration and Nomination Committee among the non-executive Directors.

The members of the Remuneration and Nomination Committee should have the necessary expertise and knowledge on the remuneration policy of listed companies

The Board of Directors appoints the chairman of the Remuneration and Nomination Committee.

The chairman of the Remuneration and Nomination Committee can be the President.

The duration of the mandate of the members of the Remuneration and Nomination Committee may not exceed the duration of their mandate as a Director. The mandate of the members of the Remuneration and Nomination Committee can be renewed at the same time as their mandate as a Director.

The Remuneration and Nomination Committee assists the Board of Directors with proposals regarding the remuneration policy for the non-executive Directors, the members of the executive management, the members of the committees of the Board of Directors and regarding any periodic revisions of this policy.

Current composition of the Remuneration and Nomination Committee: