NKT A/S Remuneration Policy for the Board of Directors and the Executive Management Introduction
According to section 139 and 139a of the Danish Companies Act, the Board of Directors of NKT A/S or the "Company") is required to create a remuneration policy applicable to the Board of Directors and the Executive Management and subject to approval by the shareholders at the Annual General Meeting. The Executive Management refers to the executives registered as managers of the Company with the Danish Business Authority as executive officers of NKT. The policy for NKT is prepared in accordance with the Danish Companies Act, and the amended EU Shareholders Rights Directive1.
The overall aim of the policy is to provide a framework for remuneration at NKT, as well as specific guidelines for incentive pay, based on a clear, understandable and comprehensive overview of the remuneration provided by NKT.
1Directive (EU) 2017/828 of the European Parliament and of the Council of 17 May 2017 amending Directive 2007/36/EC on the encouragement of long-term shareholder engagement