The Board’s statement on remuneration for executive management
The general meeting decides the remuneration to the board and the nomination committee. The Board decides the salary and other compensation to the CEO. The Board’s remuneration committee assess and determine the remuneration of executive managers reporting to the CEO based on the CEO’s recommendation. The CEO determines the remuneration of other executive managers based on the grandfather principle.
Guidelines on remuneration for the CEO and the Executive Management team, prepared by the board of directors of Axactor ASA in accordance with section 6-16a of the Norwegian public limited liability companies act and approved by the Annual General Meeting on 21 April 2022 is available here.