The nomination committee's duty is to nominate candidates to the AGM for the election of the Board and to propose the fees to be paid to members of the Board. The nomination committee shall justify its recommendations.
RS Platou has a nomination committee and the general meeting shall elect the chairperson and members of the nomination committee and shall determine the committee’s remuneration.
The nomination committee is stipulated in the Company’s Articles of Association. The general meeting shall stipulate guidelines for the duties of the nomination committee.
The nomination committee shall be composed in a way that takes into account the interests of all the Company’s shareholders in general. At least one member of the nomination committee shall not be a member of the Board. No more than one member of the nomination committee shall be a member of the Board. The nomination committee shall not include the Company’s CEO. Due to the composition of shareholders in the Company, the Board has resolved certain deviations from the Code with respect to how the nomination committee shall be composed, namely:
(i) A majority of the committee does not have to be independent of the Board and the executive management;
(ii) Up to one member of the committee may be a member of the Board, and such member may offer himself for re-election; and
(iii) The committee may include executive personnel, except the Company’s CEO.
The current nomination committee consists of Jørgen Lund (Chairman), Ragnar Horn (member) and Wilhelm L. Holst (member). The current nomination committee has one independent member, one member who is also a member of the Board, and one member who is also part of the Company’s executive management.
RS Platou shall provide information on the members of the committee and any deadlines for submitting proposals to the committee.