UK markets close in 7 hours 20 minutes
  • FTSE 100

    7,031.79
    +14.32 (+0.20%)
     
  • FTSE 250

    22,420.83
    +96.64 (+0.43%)
     
  • AIM

    1,229.38
    -0.42 (-0.03%)
     
  • GBP/EUR

    1.1636
    -0.0000 (-0.00%)
     
  • GBP/USD

    1.3838
    +0.0029 (+0.21%)
     
  • BTC-GBP

    23,903.11
    -2,007.34 (-7.75%)
     
  • CMC Crypto 200

    815.72
    -124.22 (-13.22%)
     
  • S&P 500

    4,166.45
    -55.41 (-1.31%)
     
  • DOW

    33,290.08
    -533.32 (-1.58%)
     
  • CRUDE OIL

    71.97
    +0.33 (+0.46%)
     
  • GOLD FUTURES

    1,778.50
    +9.50 (+0.54%)
     
  • NIKKEI 225

    28,010.93
    -953.15 (-3.29%)
     
  • HANG SENG

    28,520.32
    -280.95 (-0.98%)
     
  • DAX

    15,466.20
    +18.16 (+0.12%)
     
  • CAC 40

    6,564.00
    -5.16 (-0.08%)
     

Norsk Hydro: Resolution from the Corporate Assembly 25 May 2021 regarding remuneration to the Board of Directors and its preparatory bodies for 2021

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

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
line.haugetraa@hydro.com


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting