The remuneration and nomination committee consists of the following members:

The remuneration and nominaton committee performs the following activites:

• make proposals to the Board on the remuneration policy for directors and members of executive management and, where applicable, on the resulting proposals that should be submitted to the shareholders by the Board of Directors;
• make proposals to the Board on the individual remuneration of directors and members of executive management, including variable remuneration and long-term performance bonuses, whether or not linked to shares in the form of stock options or other financial instruments, and of severance pay, and where appropriate, the resulting proposals that should be submitted to the shareholders by the Board of Directors;
• preparing the remuneration report that will be added by the Board of Directors in the corporate governance statement in the annual report;
• the explanation of the remuneration report at the Annual General Meeting of shareholders