According to Telenor’s Articles of Association, the Company shall have a Nomination Committee. The tasks of the Nomination Committee are to make recommendations to:
- the General Meeting regarding the election of shareholder-elected members and alternates to the Corporate Assembly and remuneration for the members of the Corporate Assembly;
- the General Meeting for the election and remuneration of members of the Nomination Committee;
- the Corporate Assembly regarding the election of shareholder-elected members and alternates to the Board of Directors, and remuneration of the Board of Directors; and
- the Corporate Assembly for the election of chairman and deputy chairman of the Corporate Assembly.
The Nomination Committee consists of four members that shall be shareholders or representatives of shareholders and that shall be independent from the Board of Directors and the Company’s management. The members shall be elected by the General Meeting, however so that the chairman of the Corporate Assembly shall be elected as the chairman of the Nomination Committee. Of the other three members, one member shall be a shareholder elected member or alternate of the Corporate Assembly. The Norwegian State, being the majority shareholder, has historically had one representative in the Nomination Committee.
The members of the Nomination Committee are elected for a term of two years. The General Meeting may adopt instructions for the Nomination Committee.
Current members of the Nomination Committee are:
Chair of the Nomination Committee
Elected from the Corporate Assembly: 2009
Elected by the Annual General Meeting: 2009
Elected by the Annual General Meeting: 2015
Elected from the Corporate Assembly: 2012
For further information, please contact:
Telenor ASA, Investor Relations
NO-1360 Fornebu, Norway