Nomination committee

The General Meeting has chosen an Nomiation Committee to secure the objectivity regarding the shareholders interests. 1 of 3 members of the Nomination Committee is independent of the Board of Directors and other senior employees.

Members of the Nomination Committee are Ola Holen, Lennart Clausen and Roger Hofseth.
The Nomination Committee proposes candidates for the Board of Directors.
The remuneration to the Nominating Committee shall be determined by the General Meeting.

§ 10 Nomination Committee
The company shall have a nomination committee consisting of 3 members to be elected by the General Meeting. The majority of the members of the nomination committee shall be independent of the board of directors and the management.

The nomination committee shall propose candidates for the board of directors and the nomination committee, including remuneration to the board of directors and the members of the nomination committee. The recommendations of the nomination committee shall be reasoned.

The members of the nomination committee shall be elected for terms of two years.