Remuneration of the Board of Directors

The compensation to the Board shall reflect the Board’s responsibility, expertise, time commitment and the complexity of the Company’s activities.

The remuneration paid to the members of the Board will be decided by the general meeting. The remuneration paid to the members of the committees will be decided by the general meeting having considered proposals by the Board in line with the Code. Information about the fee paid to the Board and committees is stated in the annual report.

It exists an consultantcy agreement between the company and the Chairman of Board. The agreement is approved by the Board of Directors.