The Board of Directors has decided against a dedicated remuneration committee. The whole Board conducts the tasks of a remuneration committee. The Board of Directors issues instructions to the Chairman of the Board, who negotiates with the CEO regarding remuneration. Based on this negotiation, the Chairman submits a proposal, which is then approved by the whole Board. The Board also decides on an overall bonus ceiling for all the company’s employees.

Remuneration payable to the Board in 2007 is stated in the table on this page and in note 4 in the annual report for 2007. Johan Lenander was employed as CEO until February 2007 inclusive, when he was succeeded by Gunnar Sellæg. Their remuneration is also stated in note 4.