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Survey Non-Executive Remuneration. All rights belonging to Norwegian Institute of Directors Oslo, Feb. 2011/TES. Survey Data. Data sources : General Meetings Minutes 2010, Annual Reports 2009, Participants : Companies listed on Oslo Stock Exchange + state owned companies

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Survey Non-Executive Remuneration


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

    2. Survey Data • Data sources: General MeetingsMinutes 2010, AnnualReports 2009, • Participants: Companieslistedon Oslo Stock Exchange + stateownedcompanies • Total numberof respondents: 191 • ConductedOctober – Desember 2010 • Currencyconversion pr. 22/11 • Market Cap Oslo Stock Exchange pr. 12/11 • Industry Classificationaccording to Oslo Stock Exchange • Swedish data: Dagens Industri, January 20th, p. 6 • Pr. Feb 8th 1€ = 7,8 NOK/ 1NOK = 0.127489 €

    3. Highlights • Practice and methods for determinationofnon-executiveremunerationarehighly variable • Upcomingperiodvspreviousperiod • Fixed and/or pr meeting (numberofmeetingsusually not known) • Committee participationsome times included, sometimes not • Travel Compensationsome times included, sometimes not • Wide span ofcompensationlevel • Chairperson NOK 30.000 - NOK 960.000 • BoardMember NOK 15.000 - NOK 451.000 • State ownedCompanies: • Chairperson NOK 22.000 - NOK 400.000 • BoardMember NOK 8.700 - NOK 235.000

    4. Highlightscont. • Key numbers (Chairperson/BoardMember) • Average NOK 330.000/180.000 • Upperquartile NOK 420.000/225.000 • Median NOK 300.000/170.000 • Lowerquartile NOK 200.000/110.000 • Average 10 highestpayed: • Chairperson • Sweden NOK 1 760 000 • Norway NOK 695 000 (40% of 1 760 000) • BoardMember • Sweden NOK 470 000 • Norway NOK 366 000 (78% of 470 000)

    5. AverageCompensation 30 largestcompanies • Chairperson - Sweden NOK 1 260 000 (ExceptAstraZeneca and ABB) - Norway NOK 470 000 (37% of NOK 1 260 000) • BoardMember - Sweden NOK 395 000 (ExceptAstraZeneca og ABB) - Norway NOK 240 000 (60 % of NOK 395 000)

    6. Average pr industryChairperson

    7. Average pr Industry – BoardMember

    8. AverageCompensation

    9. Compensation/MarketCap

    10. SpreadChairperson

    11. Comments – Chair Person • Utvalg: 135 av 180 selskaper notert på Oslo Børs • Dette tilsvarer ca 75 %. • 50 % av styreledere fra NOK 200 000 – 400 000 • 17,5 % av styrelederne ligger over NOK 500 000 • 20 % av styrelederne ligger under NOK 200 000 • Øvre Kvartil: NOK 420 000 • Median: NOK 300 000 • Nedre kvartil: NOK 200 000

    12. 10 best payedChairpersons

    13. 10 best payedBoardmember

    14. 10 poorlypayedChairpersons

    15. 10 poorlypayedBoardmembers

    16. Nomination Committee

    17. Nomination Committee - Member

    18. Nomination Committee FixedCompensation • 78 % payesfixedcompensation (9% additionalcompensation pr meeting) • Key numbersHead/MemberofNomitaion Committee • Average NOK 29 000/18 000 • Upperquartile NOK 40 000/25000 • Median NOK 25 000/15 000 • Lowerquartile NOK 15 000/10 000

    19. Nomination Committee Compensation pr meeting • Key numbersHead/MemberofNomitaion Committee • Average pr meeting NOK 7 000/5 500 • Upperquartile NOK 10 000/7 500 • Median NOK 6 000/5 000 • Lowerquartile NOK 4 000/3 000