William Walker is Chairman of the Remuneration Committee; Mia Brunell and Henning Boysen are members of the Remuneration Committee. The Board of Directors commissions the work of the Remuneration Committee.

The Responsibilities of the Remuneration Committee include issues regarding salaries, pension plans, bonus programmes and other employment terms of the Chief Executive Officer and senior management.

The Remuneration Committee met four times in 2008 and all of its members attended these meetings.