“In accordance with the Nomination Committee’s proposal, c.f. the Articles of Association section 5A, the Corporate Assembly of Norsk Hydro ASA resolved that the Board of Directors and its preparatory bodies for the financial year 2021 (January 1, 2021-December 31, 2021) shall receive the following remuneration (all amounts in Norwegian kroner)":
| From | To |
Board of Directors |
|
|
Chair | 686,000 | 707,000 |
Deputy Chair | 413,000 | 426,000 |
Board Director | 362,000 | 373,000 |
Travel compensation | 23,000 | 30,000 |
Audit Committee |
|
|
Chair | 209,000 | 215,000 |
Member | 136,000 | 140,000 |
Compensation Committee |
|
|
Chair | 120,500 | 124,000 |
Member | 90,500 | 93,000 |
The increase corresponds to an increase of approximately 3 percent.
Travel compensation is increased to 30,000 per physical meeting for Board Directors residing outside of Norway, when the Board Director concerned must cross a national board to attend the meeting. Travel expenses will as previously be covered by the company as per account rendered.
Information on the Corporate Assembly of Norsk Hydro ASA is available here.
Published: May 25, 2021