Pursuant to section 139 of the Danish Companies Act and the Rules and Regulations for Shares listed at NASDAQ OMX, the Board of Directors of a listed company is required to define general guidelines for the company’s incentive pay for the Board of Directors and Executive Management before entering into a specific agreement on incentive pay with any member of the company’s Board of Directors or executive management and describe the general principles for remuneration of the Board of Directors and the Executive Management of the company.

These guidelines and principles are designed to attract, retain and motivate the members of the Board of Directors and the Executive Management. The guidelines have been designed to align the interests of the board members and the executives with those of the shareholders and the guidelines will be considered and adopted by the company’s shareholders.

Please see PDF versions in Danish and English of the remuneration principles to the right.