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The Board’s statement on remuneration of Executive Management

The general meeting decides the remuneration to the board and the nomination committee. The board decides the salary and other compensation paid to the CEO. The CEO’s salary and bonus are determined based on an evaluation with emphasis on specific factors determined by the Board.

The Board annually carries out an assessment of the salary and other remuneration to the CEO and a revision of the total compensation and criteria for compensation without management present. The CEO determines in consolidation with the Board the remuneration of executive employees.

Remuneration Policy

The Board has issued guidelines for the remuneration of the CEO and the Executive Management Team, available here.

Declaration of Remuneration

A declaration of remuneration for the CEO and the Executive Management team prepared by the board of directors of Axactor SE in accordance with section 6-16a of the Norwegian public limited liability companies act and approved by the AGM is available here.