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Insights on Non-Executive Remuneration in Norwegian Companies - Survey Results 2010

This survey conducted by the Norwegian Institute of Directors in February 2011 provides valuable insights into non-executive remunerations within companies listed on the Oslo Stock Exchange, including state-owned enterprises. With responses from 191 participants, the findings reveal the variability in remuneration practices, average compensations for chairpersons and board members, and differences across industries. The data showcases ranges in payments, highlighting the disparities in compensation structures and providing a comparative view between Norway and Sweden.

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Insights on Non-Executive Remuneration in Norwegian Companies - Survey Results 2010

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  1. Survey Non-ExecutiveRemuneration All rights belonging to Norwegian Institute of Directors Oslo, Feb. 2011/TES

  2. Survey Data • Data sources: General MeetingsMinutes 2010, AnnualReports 2009, • Participants: Companieslistedon Oslo Stock Exchange + stateownedcompanies • Total numberof respondents: 191 • ConductedOctober – Desember 2010 • Currencyconversion pr. 22/11 • Market Cap Oslo Stock Exchange pr. 12/11 • Industry Classificationaccording to Oslo Stock Exchange • Swedish data: Dagens Industri, January 20th, p. 6 • Pr. Feb 8th 1€ = 7,8 NOK/ 1NOK = 0.127489 €

  3. Highlights • Practice and methods for determinationofnon-executiveremunerationarehighly variable • Upcomingperiodvspreviousperiod • Fixed and/or pr meeting (numberofmeetingsusually not known) • Committee participationsome times included, sometimes not • Travel Compensationsome times included, sometimes not • Wide span ofcompensationlevel • Chairperson NOK 30.000 - NOK 960.000 • BoardMember NOK 15.000 - NOK 451.000 • State ownedCompanies: • Chairperson NOK 22.000 - NOK 400.000 • BoardMember NOK 8.700 - NOK 235.000

  4. Highlightscont. • Key numbers (Chairperson/BoardMember) • Average NOK 330.000/180.000 • Upperquartile NOK 420.000/225.000 • Median NOK 300.000/170.000 • Lowerquartile NOK 200.000/110.000 • Average 10 highestpayed: • Chairperson • Sweden NOK 1 760 000 • Norway NOK 695 000 (40% of 1 760 000) • BoardMember • Sweden NOK 470 000 • Norway NOK 366 000 (78% of 470 000)

  5. AverageCompensation 30 largestcompanies • Chairperson - Sweden NOK 1 260 000 (ExceptAstraZeneca and ABB) - Norway NOK 470 000 (37% of NOK 1 260 000) • BoardMember - Sweden NOK 395 000 (ExceptAstraZeneca og ABB) - Norway NOK 240 000 (60 % of NOK 395 000)

  6. Average pr industryChairperson

  7. Average pr Industry – BoardMember

  8. AverageCompensation

  9. Compensation/MarketCap

  10. SpreadChairperson

  11. Comments – Chair Person • Utvalg: 135 av 180 selskaper notert på Oslo Børs • Dette tilsvarer ca 75 %. • 50 % av styreledere fra NOK 200 000 – 400 000 • 17,5 % av styrelederne ligger over NOK 500 000 • 20 % av styrelederne ligger under NOK 200 000 • Øvre Kvartil: NOK 420 000 • Median: NOK 300 000 • Nedre kvartil: NOK 200 000

  12. 10 best payedChairpersons

  13. 10 best payedBoardmember

  14. 10 poorlypayedChairpersons

  15. 10 poorlypayedBoardmembers

  16. Nomination Committee

  17. Nomination Committee - Member

  18. Nomination Committee FixedCompensation • 78 % payesfixedcompensation (9% additionalcompensation pr meeting) • Key numbersHead/MemberofNomitaion Committee • Average NOK 29 000/18 000 • Upperquartile NOK 40 000/25000 • Median NOK 25 000/15 000 • Lowerquartile NOK 15 000/10 000

  19. Nomination Committee Compensation pr meeting • Key numbersHead/MemberofNomitaion Committee • Average pr meeting NOK 7 000/5 500 • Upperquartile NOK 10 000/7 500 • Median NOK 6 000/5 000 • Lowerquartile NOK 4 000/3 000

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