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Aker Solutions — Remuneration Information 2026
Mar 26, 2026
3531_10-k_2026-03-26_eb003772-9cc5-4826-b256-cf030db596b8.pdf
Remuneration Information
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Aker Solutions
Remuneration Report 2025

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Content
Introduction 3
Remuneration of the Board of Directors 3
Remuneration of the Executive Management Team 5
Pay Mix for the Executive Management Team 6
Fixed Remuneration in 2025 7
Variable Pay 7
Benefits 8
Executive Remuneration – Comparisons 10
Independent Auditor's Report 13
Remuneration Report
The purpose of Aker Solutions' executive remuneration approach is to encourage a strong and sustainable performance-based culture, which supports growth in shareholder value and the delivery according to the company's strategy. This report is made according to the requirements in section 6-16a and 6-16b of the Norwegian Public Limited Liability Companies Act and Aker Solutions' Executive Remuneration Policy approved by the Annual General Meeting April 28, 2025. The report describes how the policy has been applied during 2025. The report was approved by the Board of Directors on March 18, 2026 and is presented for advisory voting by the Annual General Meeting on April 16, 2026.
Introduction
In September 2025, Guro Rausand replaced Sturla Magnus as EVP for New Build. The Safeguarding function was discontinued as a separate function. Sturla Magnus became EVP of Special Projects, which was in effect until year-end 2025. Geir Glømmi joined the Executive Management Team heading up Fixed Facility Alliance Projects.
Aker Solutions has applied the remuneration policy throughout 2025 as approved by the Annual General Meeting. No deviations from the policy have been made by the Board of Directors. The company has not claimed back any paid remuneration to executives during the year. No executives received remuneration from other Group undertakings than their employment entity. No executives were paid severance pay or incurred loans throughout 2025.
Remuneration of the Board of Directors
The Board of Directors has eleven directors. Seven are elected by the shareholders and four by the employees. The directors are serving for two-year periods from 2024 to 2026 or 2025 to 2027. Fees to the Board of Directors are approved by the Annual General Meeting.
The Board held 12 meetings in 2025 with an average attendance rate of 92 percent. The Audit Committee held eight meetings in 2025, two of them were extraordinary meetings. As of December 31, 2025 the Audit Committee comprised of Birgit Aagaard-Svendsen (Chairperson), Lone Fønss Schrøder, Jan Arve Haugan and Hilde Karlsen. The Remuneration and Organizational Development Committee held five meetings in 2025. As of December 31, 2025, the committee comprised of Leif-Arne Langøy (Chairperson), Øyvind Eriksen and Elisabeth Tørstad.
As of December 31, 2025, the members of the Nomination Committee were Ingebret Hisdal (Chairperson), Svein O. Stoknes (member) and Charlotte Håkonsen (member). The Chairperson of the nomination committee receives a fee of NOK 57,000 and each member a fee of NOK 46,000.
The members of Aker Solutions' Board of Directors are remunerated for their role and contribution in the Board. The fees are reviewed each year and approved by the Annual General Meeting. The fees in the table below represent fees paid to the Board of Directors in 2025. The directors did not receive any other fees except for employee elected directors who have received salary as employees. No agreements exist which entitle the directors to any extraordinary compensation.
| Amounts in NOK | Share ownership1 | |||||||
|---|---|---|---|---|---|---|---|---|
| Name | Role | Number of shares held by 31.12.2025 | Change during 2025 | Potential share allocation in 2028b | Board fees | Audit committee fees | Remuneration committee fees | Travel fees2 |
| Leif-Arne Langøy | Chairman | 159,426 | 0 | 0 | 796,000 | 0 | 48,000 | 0 |
| Øyvind Eriksen3,4 | Deputy Chairman | 0 | 0 | 0 | 610,000 | 0 | 43,000 | 0 |
| Kjell Inge Røkke5 | Director | 0 | 0 | 0 | 428,000 | 0 | 0 | 35,000 |
| Birgit Aagaard-Svendsen | Director | 90,000 | 0 | 0 | 428,000 | 253,000 | 0 | 0 |
| Lone Fønss Schrøder | Director | 0 | 0 | 0 | 428,000 | 148,000 | 0 | 280,000 |
| Elisabeth Tørstad | Director | 2,000 | 0 | 0 | 428,000 | 0 | 43,000 | 0 |
| Jan Arve Haugan | Director | 136,527 | 0 | 0 | 428,000 | 148,000 | 0 | 0 |
| Hilde Karlsen4 | Director, employee elected | 33,896 | 4,047 | 939 | 214,000 | 148,000 | 0 | 0 |
| Line Småge Breidablikk6 | Director, employee elected | 2,182 | 427 | 78 | 214,000 | 0 | 0 | 0 |
| Arne Christian Rødby6 | Director, employee elected | 3,258 | 1,168 | 313 | 214,000 | 0 | 0 | 0 |
| Stian Pettersen Sagvold6,8 | Director, employee elected | 828 | 313 | 157 | 214,000 | 0 | 0 | 0 |
| Sigurd Sørvareid6,7 | Director, employee elected | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4,402,000 | 697,000 | 134,000 | 315,000 |
1) The number of shares owned covers direct ownership of Aker Solutions ASA for individual and related parties
2) Additional fixed fee for directors residing outside the Nordic countries per board meeting with physical attendance
3) The fees allocated to Øyvind Eriksen were paid to Aker ASA
4) Øyvind Eriksen owned 215,614 shares in Aker ASA and 100,000 B-shares (0.2 percent) in TRG Holding AS per 31.12.2025 through his wholly owned company Eray AS. Aker ASA, through a subsidiary owns 39% of Aker Solutions
5) Kjell Inge Røkke owns and controls TRG Holdings AS, which controls 68 percent of Aker ASA, which through a subsidiary owns 39% of Aker Solutions
6) The employee representatives have the same responsibilities as the other board directors and should therefore generally have the same compensation. However, based on an initiative from the employees, an agreement has been made with the employee representatives whereby the employee representatives receive a lower compensation
7) Became a board member in September 2025, replacing Stian Sagvold. As such, no board fees paid in 2025
8) Share allocation depends on fulfilment of criteria in Aker Solutions' share purchase program
9) Stian Pettersen Sagvold held 661 shares as of 1 September 2025, at the end of his term on the Board of Directors
The overview below shows the change of the Board members' remuneration during the last 5 years:
| Change in fees from previous years | |||||
|---|---|---|---|---|---|
| Board member | 2025 | 2024 | 2023 | 2022 | 2021 |
| Leif-Arne Langøy | 7.79% | 9.66% | 5.50% | 3.20% | 0.00% |
| Øyvind Eriksen^{1} | 44.79% | 5.13% | 5.40% | 2.80% | -33.00% |
| Kjell Inge Røkke^{2} | 12.93% | 5.13% | 5.40% | 2.80% | 0.00% |
| Birgit Aagaard-Svendsen | 4.45% | 5.16% | 5.10% | 2.60% | 0.00% |
| Lone Fønss Schrøder^{3} | 7.40% | 51.81% | 5.00% | 3.10% | 0.00% |
| Elisabeth Tørstad | 4.43% | 5.13% | 5.40% | n/a | n/a |
| Jan Arve Haugan | 4.35% | 5.14% | 5.00% | 3.10% | 0.00% |
| Hilde Karlsen^{4} | 4.32% | 5.15% | 4.80% | 3.30% | 44.00% |
| Line Småge Breidablikk | 4.39% | 5.13% | 5.40% | 2.80% | n/a |
| Stian Pettersen Sagvold | 4.39% | n/a | n/a | n/a | n/a |
| Arne Christian Rødby | 4.39% | n/a | n/a | n/a | n/a |
| Sigurd Sævareid^{5} | n/a | n/a | 5.41% | n/a | n/a |
1) A new fee level for the Deputy Chair was decided at the 2025 AGM, replacing the previous Director fee
2) Kjell Inge Røkke's increase is impacted by travel compensation for board members residing outside the Nordics
3) Lone Fønss Schrøder's increase is impacted by travel compensation for board members residing outside the Nordics
4) Hilde Karlsen joined the Audit Committee in 2020
5) Sigurd Sævareid was a board member in 2022/2023 and returned in September 2025. He received no fee payment in 2025
Remuneration of the Executive Management Team
Aker Solutions' executive remuneration schemes are set to align with ambitions, strategic priorities and purpose as defined in the Remuneration Policy. Executive remuneration consists of the following elements:
- Fixed remuneration
- Variable pay
- Benefits
The table below details the remuneration for the Executive Management Team in 2025. The figures represent expensed remuneration rather than what is paid in the period.
| Amounts in NOK | Job title | Period | Fixed Remuneration | Variable Remuneration | Other benefits4 | Total Remuneration | Pension benefit earned/cost to company5 | |
|---|---|---|---|---|---|---|---|---|
| Annual Variable Pay | Long-Term Variable pay3 | |||||||
| Kjetel Digre | President and Chief Executive Officer | Jan 1 - Dec 31 | 7,600,827 | 3,856,870 | 1,182,182 | 33,071 | 12,672,950 | 207,110 |
| Idar Eikrem | Chief Financial Officer | Jan 1 - Dec 31 | 3,776,883 | 1,963,641 | 601,939 | 33,071 | 6,375,533 | 279,501 |
| Kjetil Kristiansen | Executive Vice President, People & Transformation | Jan 1 - Dec 31 | 3,487,222 | 1,774,657 | 544,012 | 33,071 | 5,838,961 | 210,408 |
| Pål Eikeseth | Executive Vice President, Life Cycle | Jan 1 - Dec 31 | 3,544,139 | 1,810,120 | 550,256 | 33,071 | 5,937,585 | 201,664 |
| Guro Rausand1 | Executive Vice President, Safeguarding & New Build | Jan 1 - Dec 31 | 3,174,463 | 1,814,400 | 458,035 | 33,071 | 5,479,969 | 212,908 |
| Signy Elde Vefring | Executive Vice President, Strategy and Technology | Jan 1 - Dec 31 | 3,401,064 | 1,730,938 | 530,611 | 33,071 | 5,695,683 | 199,193 |
| Henrik M. Inadomi | Executive Vice President, New Energies | Jan 1 - Dec 31 | 3,492,150 | 1,775,974 | 545,247 | 33,071 | 5,846,442 | 204,473 |
| Jo Kjetil Krabbe | Executive Vice President, Power Solutions | Jan 1 - Dec 31 | 3,162,134 | 1,612,295 | 492,420 | 33,071 | 5,299,920 | 215,131 |
| Sturla Magnus1 | Executive Vice President, New Build & Special Projects | Jan 1 - Dec 31 | 3,865,980 | 1,959,340 | 605,254 | 40,571 | 6,471,145 | 210,941 |
| Geir Glømmi2 | Executive Vice President, Fixed Facility Alliance Projects | Sep 1 - Dec 31 | 1,150,973 | 590,663 | 189,012 | 7,260 | 1,937,907 | 71,307 |
| Total | 36,655,833 | 18,888,897 | 5,698,969 | 312,394 | 61,556,095 | 2,012,637 |
1) Guro Rausand replaced Sturla Magnus as EVP for New Build in September 2025 and the Safeguarding function was discontinued as a separate function. Sturla Magnus became head of Special Projects in September 2025
2) Figures reported relate to the time in the Executive Management Team
3) Long-Term Incentive amounts are according to financial accruals
4) Other benefits include membership in the standard employee benefit schemes, taxable health services and an additional executive group life and disability insurance. The value of matching shares from the 2021 share purchase program allocated in 2025 is not included as entitlement was included in the 2021 report
5) Pension benefits include the standard employee pension scheme, a pension compensation scheme (for transfer from benefit to contribution scheme), and a disability pension scheme
Pay Mix for the Executive Management Team
The diagram below shows the composition of the remuneration of members of the Executive Management Team by category, i.e. fixed remuneration, variable pay and other benefits.

7
Fixed Remuneration in 2025
Fixed remuneration for the Executive Management Team members consists of their base salary and a fixed allowance paid during the period they serve on the executive team. The Remuneration and Organizational Development Committee reviews fixed salaries for the executive directors annually, taking into account a number of relevant factors, including market data, the individual's performance, role and responsibilities.
Variable Pay
Annual Variable Pay
The Executive Management Team had an annual variable pay scheme during 2025 with a maximum potential of 60 percent of fixed remuneration. The annual variable pay is established to incentivize the executive directors to deliver on the annual strategic objectives.
The 2025 annual variable pay scheme is linked to the company's Performance Management system and the corporate Balanced Scorecard with common, corporate objectives approved by the Board of Directors. All EVPs, irrespective of their business segment or function, were measured on the same common commitments.
For each of the Company KPIs & strategic priorities, a threshold value and a target value are defined.
| Balanced Scorecard | |||
|---|---|---|---|
| Financial | 70% | Trade Secret | Trade Secret |
| HSSE and Organization | 10% | Trade Secret | Trade Secret |
| Operational Business Objectives | 20% |
The earning of variable pay for the objective increases gradually from the threshold to the target value. Performance below the threshold value will give no earning for the relevant objective. Performance at, or exceeding, the target value will give full earning for the objective. The performance objectives within the HSSE and Organization area have a total weighting of 10 percent, Finance objectives have a total weighting of 70 percent and the remaining business objectives have a total weighting of 20 percent.
The 2025 Company KPIs and strategic priorities are:
HSSE and organization
- SIF – Serious Incident Frequency
- Organizational Health Score
- Sick leave, 12m rolling %
Finance
- Net cash flow before financing, dividends and M&A, mNOK
- EBITDA margin excluding special items, % margin
- As sold margins
- Order backlog, bNOK
Operational Business Objectives
- Productivity on own yards
- Documented value realization from ADA
- Voice of Customer – #surveys answered
- Contribution margin forecast – as sold %
- Scope 1 emission reduction %
- Transitional, Electrification and Renewables revenue growth
The annual variable pay payments are calculated based on the actual performance on these KPIs and priorities. Minor discretionary adjustments have been made where the KPIs were not seen to reflect the performance due to unforeseen circumstances. Payments to the Executive Management Team have been endorsed by the Remuneration and Organizational Development Committee and approved by the Chairman of the Board as the CEO's superior. The executives' earnings from the annual scheme for 2025 had a total value of NOK 18.9 million (including vacation payment). The company had a performance of 75 percent of the targets for the performance objectives.
8
Long-term Incentive Scheme
The CEO and the executive team have a Long-term incentive scheme. This performance share-based scheme allows the team to earn company shares based on company performance against defined KPIs over a three-year period. In Q1 each year, the Executive Management Team receives a conditional award of shares equivalent to 10 percent of their gross fixed remuneration. The number of conditional shares is calculated based on the average share price during the first 20 trading days of January in the award year. Depending on KPI performance, the number of shares allocated to the participants in year four can range from 0% to 200% of the original conditional award.
The total, maximum value of the scheme is 20 percent of fixed remuneration per year – maximum 60 percent for the 3-year period. The long-term incentive criteria are designed to incentivize the executive directors to deliver on the long-term business objectives and to maximize alignment with shareholder value creation.
The following KPIs are defined for the 2025 LTI scheme:
- Shareholder value (50% weight)
- Incentives earned for Fixed Facilities Alliance (FFA) projects (25% weight)
- Lifecycle Frame Agreements (25% weight)
Shareholder value is measured as Aker Solutions' share price performance compared to the OBX TR-index at the Oslo Stock Exchange.
Incentives earned for FFA projects is defined as the percentage earned of the maximum incentives related to the schedule for stable production as defined in the AkerBP contracts for Hugin A (Q2/27), Valhall PWP (Q2/27), Hugin B (Q3/27) and Fenris (Q3/27). Any agreed changes to the defined dates will also apply for how this KPI is measured.
Lifecycle Frame Agreements is defined as securing the Equinor and AkerBP modification frame agreements. The assumption is that the agreements will have 5-year duration. Targets are defined as the combined value of agreements secured.
Performance assessment according to these criteria and any payment from the scheme will be made in 2028. Long-term Incentive amount reported in the table containing remuneration of the EMT in 2025 are according to financial accruals.
Benefits
Aker Solutions provides a limited number of benefits to the executive directors, including pension contribution, insurance schemes and participation in the company's share purchase scheme.
Pension
The executive directors participate in the company's defined contribution pension scheme on standard terms. No additional pension contributions are provided.
Insurance
The executive directors participate in the company's insurance schemes on standard terms. An additional disability insurance is provided for the period the individuals serve on the Executive Management Team.
Share purchase
Members of the Executive Management Team are eligible to participate in the company's share purchase scheme on standard terms.
The scheme allows for share purchase with a price reduction of 25 percent up to a maximum of NOK 7,500. There is no holding requirement, but the company will award one matching share per two shares purchased to participants who are still employed and have kept their purchased shares after a three-year period. Share award from the 2025 scheme will hence happen in 2029.
The below table shows the Executive Management Team's shareholding per December 31, 2025, and changes in the shareholding during the year, as well as potential allocation from the 2025 share purchase program that might be allocated in 2029 if program criteria are fulfilled. The table also lists the conditional share award in the 2025 LTI scheme.
| Name | Shareholding per 31 Dec 25^{1} | Change in 2025^{2,6} | Potential share allocation in 2029^{3} | Conditional shares awarded for 2025 LTI scheme^{4} |
|---|---|---|---|---|
| Kjetel Digre | 223,219 | 56,692 | 8,205 | 22,757 |
| Idar Eikrem | 391,725 | 36,124 | 8,205 | 11,354 |
| Kjetil Kristiansen | 14,117 | -19,083 | 0 | 10,472 |
| Pål Eikeseth | 7,866 | 1,292 | 0 | 10,592 |
| Sturla Magnus | 245,238 | 20,659 | 939 | 11,651 |
| Signy Elde Vefring | 2,414 | 0 | 0 | 10,214 |
| Henrik M. Inadomi | 366,226 | 23,929 | 5,744 | 10,496 |
| Jo Kjetil Krabbe | 26,130 | 0 | 0 | 9,479 |
| Guro Rausand | 6,221 | 0 | 0 | 8,817 |
| Geir Glømmi^{5} | 20,822 | 999 | 939 | 3,638 |
| Total | 1,303,978 | 120,612 | 24,032 | 105,832 |
1) Includes holdings by related parties
2) Positive figures indicate purchase, negative figures sale. Net for the year
3) Share allocation depends on fulfilment of criteria in Aker Solutions' share purchase program
4) The number of conditional shares allocated as part of the LTI scheme described under variable pay
5) Geir Glømmi received a pro-rated LTI allocation from the date he joined the Executive Management Team. Change in 2025 reflects the change in shareholdings from that date to 31 December 2025
6) Includes matching shares received from the 2021 share purchase scheme.
Executive Remuneration – Comparisons
Aker Solutions applies the same basic principles to the executive remuneration as we do for all our employees, benchmarking salaries against the relevant external market for the roles and assessing role complexity and individual performance.
The below table shows changes in remuneration for the executive directors during the last 5 years.
| Change from 2024 to 2025 | Change from 2023 to 2024 | Change from 2022 to 2023 | Change from 2021 to 2022 | Change from 2020 to 2021 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Job title | Fixed remuneration | Total remuneration | Fixed remuneration | Total remuneration | Fixed remuneration | Total remuneration | Fixed remuneration | Total remuneration | Fixed remuneration | Total remuneration |
| President and Chief Executive Officer | ||||||||||
| Kjetel Digre | 4.40% | 6.46% | 5.60% | 0.70% | 5.50% | 2.70% | 3.50% | 6.30% | 1.30% | 65.80% |
| Chief Financial Officer | ||||||||||
| Idar Eikrem | 4.39% | 6.51% | 5.70% | 0.50% | 6.90% | 5.20% | 3.50% | -2.00% | 1.30% | 68.80% |
| Executive Vice President, People & Transformation | ||||||||||
| Kjetil Kristiansen | 4.39% | 6.47% | 5.70% | 1.00% | 7.40% | 4.30% | -8.70% | -5.50% | -6.90% | 44.30% |
| Executive Vice President, Life Cycle | ||||||||||
| Pål Eikeseth | 5.27% | 7.41% | 7.00% | 2.10% | 11.90% | 8.70% | n/a | n/a | n/a | n/a |
| Executive Vice President, Safeguarding & New Build | ||||||||||
| Guro Rausand¹ | 26.76% | 26.55% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Executive Vice President, Strategy and Technology | ||||||||||
| Signy Elde Vefring | 4.39% | 6.85% | 9.70% | 4.40% | 15.90% | 12.70% | 3.50% | 5.50% | n/a | n/a |
| Executive Vice President, New Energies | ||||||||||
| Henrik M. Inadomi | 4.23% | 6.30% | 5.30% | 0.60% | 7.00% | 4.00% | 3.50% | 5.40% | n/a | n/a |
| Executive Vice President, Power Solutions | ||||||||||
| Jo Kjetil Krabbe | 4.78% | 7.02% | 7.60% | 2.60% | n/a | n/a | n/a | n/a | n/a | n/a |
| Executive Vice President, New Build & Special Projects | ||||||||||
| Sturla Magnus | 3.59% | 5.75% | 5.80% | 1.00% | 11.50% | 8.40% | 3.50% | 5.60% | 1.30% | 45.40% |
| Executive Vice President, Fixed Facility Alliance Projects | ||||||||||
| Geir Glammi | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
¹) Guro Rausand joined Aker Solutions in June 2024. Increase in 2025 reflects the change in role
The table below gives information about development of remuneration to directors in roles that have been relatively consistent during the last 5 years.
| Change in remuneration from previous year | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2024 | 2023 | 2022 | 2021 | ||||||
| Job title | Fixed remuneration | Total remuneration | Fixed remuneration | Total remuneration | Fixed remuneration | Total remuneration | Fixed remuneration | Total remuneration | Fixed remuneration | Total remuneration |
| Chief Executive Officer | ||||||||||
| Kjetel Digre | 4.40% | 6.46% | 5.60% | 0.70% | 5.50% | 2.70% | 3.50% | 6.30% | 1.30% | 65.80% |
| Chief Financial Officer | ||||||||||
| Idar Eikrem | 4.39% | 6.51% | 5.70% | 0.50% | 6.90% | 5.20% | 3.50% | -2.00% | 1.30% | 68.80% |
| New Energies/Renewables | ||||||||||
| Henrik M. Inadomi | 4.23% | 6.30% | 5.30% | 0.60% | 7.00% | 4.00% | n/a | n/a | n/a | n/a |
| Stephen Bull | n/a | n/a | n/a | n/a | n/a | n/a | 3.50% | -2.60% | n/a | n/a |
| New Build/Topsides and Facilities | ||||||||||
| Sturla Magnus | 3.59% | 5.75% | 5.80% | 1.00% | 11.50% | 8.40% | 3.50% | 5.60% | 1.30% | 45.40% |
| Guro Rausand | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Life Cycle/Electrification, Maintenance and Modifications | ||||||||||
| Pål Eikeseth | 5.27% | 7.41% | 7.00% | 2.10% | 11.90% | 8.70% | n/a | n/a | n/a | n/a |
| Linda Litlekalsøy Aase | n/a | n/a | n/a | n/a | n/a | n/a | 0.00% | -41.90% | 1.30% | 51.40% |
| People and Transformation/ People and Organisation | ||||||||||
| Kjetil Kristiansen | 4.39% | 6.47% | 5.70% | 1.00% | 7.40% | 4.30% | -8.70% | -5.50% | -6.90% | 44.30% |
The table below shows key figures related to financial performance, number of employees and average remuneration for employees in Aker Solutions for the last five years:
| Key figures | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total operating revenue and other income (NOK million) | 63,202 | 53,201 | 36,262 | 41,417 | 29,473 |
| EBIT ex special items (NOK million) | 3,565 | 3,474 | 611 | 1,923 | 775 |
| Number of employees (Norway)¹ | 9,208 | 8,910 | 8,302 | 8,533 | 7,866 |
| Change in average salary all employees² | 5.3% | 5.7% | 4.0% | 6.0% | 7.0% |
1) 2023 employees excludes subsidy business
2) All taxable remuneration paid and benefits provided during the year. Norwegian market only
Independent Auditor's Report
pwc
To the General Meeting of Aker Solutions ASA
Independent auditor's assurance report on report on salary and other remuneration to directors
Opinion
We have performed an assurance engagement to obtain reasonable assurance that Aker Solutions ASA report on salary and other remuneration to directors (the remuneration report) for the financial year ended 31 December 2020 has been prepared in accordance with section 6-16 b of the Norwegian Public Limited Liability Companies Act and the accompanying regulation.
In our opinion, the remuneration report has been prepared, in all material respects, in accordance with section 6-16 b of the Norwegian Public Limited Liability Companies Act and the accompanying regulation.
Board of directors' responsibilities
The board of directors is responsible for the preparation of the remuneration report and that it contains the information required in section 6-16 b of the Norwegian Public Limited Liability Companies Act and the accompanying regulation and for such internal control as the board of directors determines is necessary for the preparation of a remuneration report that is free from material misstatements, whether due to fraud or error.
Our Independence and Quality Management
We are independent of the company as required by laws and regulations and the International Ethics Standards Board for Accountants' Code of International Ethics for Professional Accountants (including International Independence Standards) (IES8A Code), and we have fulfilled our other ethical responsibilities in accordance with these requirements. We apply the International Standard on Quality Management (ISQM) 1 «Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements», and accordingly, maintain a comprehensive system of quality control including documented policies and procedures regarding compliance with ethical requirements, professional standards and applicable legal and regulatory requirements.
Auditor's responsibilities
Our responsibility is to express an opinion on whether the remuneration report contains the information required in section 6-16 b of the Norwegian Public Limited Liability Companies Act and the accompanying regulation and that the information in the remuneration report is free from material misstatements. We conducted our work in accordance with the International Standard for Assurance Engagements (ISAE) 3000 – «Assurance engagements other than audits or reviews of historical financial informations».
We obtained an understanding of the remuneration policy approved by the general meeting. Our procedures included obtaining an understanding of the internal control relevant to the preparation of the remuneration report in order to design procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control. Further we performed procedures to ensure completeness and accuracy of the information provided in the remuneration report, including whether it contains the information required by the law and accompanying regulation. We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Coda, 18 March 2020
PriswesterhouseCoopers AS
Thomas Wryke Gaerdse
State Authorised Public Accountant
PriswesterhouseCoopers AS, org no. 987-200-713-9516, Østfoldjylland, nynorsk, medlemsen av Den norske Revisorforening og autorisert regnskapsførerestelsag
Revisorforening PriswesterhouseCoopers AS, Org no. 982-211-200-0010, Medlemsen av Akerstødsforeningen, rekrutteringsrådgjen nær
Post: Tøv Sønstad AS, Org no. 982-086-321-9416, Autorisert regnskapsførerestelsag, Medlem av Regnskap Norge
Downing Eidernes gata 71, Postboks 740 Sentrum, NO 8 001 Oslo, T 323 91 2 67 952 00 000 | www.pwc.no
Contact
Aker Solutions ASA
Oksenøyveien 8, 1366 Lysaker
Postal address:
P.O. Box 169
NO-1325 Lysaker
Telephone:
+47 67 51 30 00
Web:
www.akersolutions.com