It monitors the incentive programmes to ensure that they promote ongoing, long-term value creation as well as compliance with the Remuneration Policy.
The duties of the audit committee are defined in the terms of reference of the audit committee.
The audit committee is to assist the Board of Directors in: The audit committee is thus a preparatory and monitoring body.
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The Remuneration Committee operates as a preparatory committee for the Board of Directors with respect to matters concerning remuneration with focus on the remuneration of members of the Board of Directors, the Executive Board, material risk takers and other employees.