Committees of the Board

The committees report to the Board of Telenor ASA in connection with the scope of work described in the sections above. Each member of the Board has access to all working documents including the minutes from the committee meetings.

The Governance and Remuneration Committee

The Governance and Remuneration Committee is composed of three members of the Board. The tasks of the Governance and Remuneration Committee are to ensure that Telenor has relevant policies and procedures related to good corporate governance.

With regard to remuneration issues, the committee considers Telenor’s remuneration policy and programs, including bonus programmes, share-based schemes and present recommendations to the Board of Directors for decision. The committee evaluates annually the CEO’s and the Group Executive Management’s remuneration and present recommendations to the Board of Directors for decision.

Members:

Svein Aaser (Chairman of commitee)
Burckhard Bergmann
Sally Davis
Bjørn Andre Anderssen

The Ethics and Sustainability Committee

The Ethics and Sustainability Committee is composed of four members of the Board. Liselott Kilaas chairs the Committee. The Committee supports the Board in fulfilling its responsibilities with respect to ethics and compliance as stated in law, codes of practice and the Codes of Conduct and accompanying governing documents. The Committee also supports the Board with respect to Corporate Responsibility. The Committee further oversees Telenor Group’s efforts to ensure good processes and performance for internal Occupational Health, Safety, Security and Supply Chain Sustainability.

Members:

Liselott Kilaas (Chairwoman of commitee)
Frank Dangeard
Hallvard Bakke
Brit Østby Fredriksen

The Audit Committee

The Audit Committee is composed of four members of the Board. The tasks of the Audit Committee are to monitor the financial reporting process, monitor the effectiveness of Telenor’s systems for internal control and risk management, monitor Telenor’s Internal Audit, to have regular contact with Telenor’s external auditor regarding the auditing of the annual accounts and evaluate and oversee the auditor’s independence. The Audit Committee also reviews ethics and compliance issues.

Members:

Dag J. Opedal (Chairman of commitee)
Barbara Milian Thoralfsson
Harald Stavn