Annual report

Remuneration of the Board of Directors

Remuneration of the Board of Directors is determined by the annual general meeting and is not dependent upon the Company’s results. The fee reflects the responsibilities of the Board, its expertise, the amount of time devoted to board related work and the complexity of the Company’s businesses. The Company does not grant share options to its members of the Board.

None of the directors perform other assignments for the Company in addition to their appointment as member of the Board of Directors.

Deviations from the Code: None