Remuneration Committee

NKT's Board of Directors has set up a Remuneration Committee with the following tasks: 

• Make proposals for the approval of the supreme governing body prior to approval at the general meeting on the remuneration policy, including the overall principles of incentive pay schemes, for members of the supreme governing body and the executive board
• Make proposals to the supreme governing body on remuneration for members of the supreme governing body and the executive board, and ensure that the remuneration is consistent with the company’s remuneration policy and the evaluation of the performance of the persons concerned. The Committee should have information about the total amount of remuneration that members of the supreme governing body and the executive board receive from other companies in the group
• Oversee that the information in the annual report on the remuneration of the supreme governing body and the executive board is correct, true and sufficient

The Committee, which comprises 2 members of the Board of Directors, has its secretariat function with NKT Holding.

Chairman of the Remuneration Committee, Christian Kjær (born 1943) Chairman of the Board of Directors Christian Kjær represents industrial management experience at Board of Directors’ level and has many years of industrial experience as Chairman of the Board of Aalborg Portland, Potagua and Faxe Kalk, as well as work experience as a director of FLSmidth.

Member of the Remuneration Committee, Jens Due Olsen (born 1963) Deputy Chairman Jens Due Olsen has worked for A.P. Møller-Mærsk, FLSmidth, the IT company Aston Group and GN Store Nord and currently works as a professional board member and consultant to several companies.

The work of the Remuneration Committee is not paid for separately. For guidelines for remuneration of the Board of Directors and the Board of Management please refer to this link.