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Norsk Hydro ASA — Remuneration Information 2021
May 25, 2021
3684_rns_2021-05-25_86955547-b45f-4a02-be0d-3750a2a927db.html
Remuneration Information
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Norsk Hydro: Resolution from the Corporate Assembly 25 May 2021 regarding remuneration to the Board of Directors and its preparatory bodies for 2021
Norsk Hydro: Resolution from the Corporate Assembly 25 May 2021 regarding remuneration to the Board of Directors and its preparatory bodies for 2021
The Corporate Assembly of Norsk Hydro ASA has in its meeting on 25 May 2021
adopted the following resolution related to remuneration to the Board of
Directors and its preparatory bodies for the financial year 2021:
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 (1
January 2021 - 31 December 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:
https://www.hydro.com/en-NO/about-hydro/corporate-governance/governance-bodies/
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act
Investor contact:
Line Haugetraa
+4741406376