The Remuneration and Nomination Committee advises the Board principally on matters regarding the appointment and remuneration of members of the Board and senior management and shall in particular:
- submit proposals to the Board for the remuneration of members of the Board and senior executive management;
- submit a remuneration report to the Board;
- make recommendations to the Board with regard to the appointment of the members of the board of directors, the CEOs and the CFO;
- draft appointment procedures for board members and members of the executive management;
- periodically assess the composition and size of the Board and make recommendations to the Board with regard to any change;
- identify and nominate, for the approval of the Board, candidates to fill vacancies as they arise;
- advise on proposals for appointment originating from shareholders; and
- properly consider issues related to succession planning.