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

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Presentation on theme: "Survey Non-Executive Remuneration All rights belonging to Norwegian Institute of Directors Oslo, Feb. 2011/TES."— Presentation transcript:

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

2 Survey Data Data sources: General Meetings Minutes 2010, Annual Reports 2009, Participants: Companies listed on Oslo Stock Exchange + state owned companies Total number of respondents: 191 Conducted October – Desember 2010 Currency conversion pr. 22/11 Market Cap Oslo Stock Exchange pr. 12/11 Industry Classification according to Oslo Stock Exchange Swedish data: Dagens Industri, January 20th, p. 6 Pr. Feb 8th 1€ = 7,8 NOK/ 1NOK = €

3 Highlights Practice and methods for determination of non-executive remuneration are highly variable – Upcoming period vs previous period – Fixed and/or pr meeting (number of meetings usually not known) – Committee participation some times included, sometimes not – Travel Compensation some times included, sometimes not Wide span of compensation level – ChairpersonNOK NOK – Board MemberNOK NOK – State owned Companies: ChairpersonNOK NOK Board MemberNOK NOK

4 Highlights cont. Key numbers (Chairperson/Board Member) – AverageNOK / – Upper quartileNOK / – MedianNOK / – Lower quartileNOK / Average 10 highest payed: – Chairperson SwedenNOK NorwayNOK (40% of ) – Board Member SwedenNOK NorwayNOK (78% of )

5 Average Compensation 30 largest companies Chairperson - Sweden NOK (Except Astra Zeneca and ABB) - NorwayNOK (37% of NOK ) Board Member - SwedenNOK (Except Astra Zeneca og ABB) - NorwayNOK (60 % of NOK )

6 Average pr industry Chairperson

7 Average pr Industry – Board Member

8 Average Compensation

9 Compensation/Market Cap

10 Spread Chairperson

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

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13 10 best payed Chairpersons

14 10 best payed Board member

15 10 poorly payed Chairpersons

16 10 poorly payed Board members

17 Nomination Committee

18 Nomination Committee - Member

19 Nomination Committee Fixed Compensation 78 % payes fixed compensation (9% additional compensation pr meeting) Key numbers Head/Member of Nomitaion Committee – Average NOK / – Upper quartileNOK /25000 – MedianNOK / – Lower quartileNOK /10 000

20 Nomination Committee Compensation pr meeting Key numbers Head/Member of Nomitaion Committee – Average pr meetingNOK 7 000/5 500 – Upper quartile NOK /7 500 – Median NOK 6 000/5 000 – Lower quartileNOK 4 000/3 000


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