Committees.

Nomination committee

Techstep has established a nomination committee composed of two members, who shall be shareholders or shareholder representatives. The committee members are elected by the General Meeting for a term of two years.

The nomination committee shall nominate candidates to the Board of Directors and the nomination committee, as well as proposing the remuneration of board members. Grounds shall be provided for nominations by the nomination committee when they are presented to the General Meeting.

The current members of the nomination committee are:

  • Harald Arnet (committee leader)
  • Ketil Skorstad

The current members were elected at the Extraordinary General Meeting of 4 November 2016. Both members are independent of the Board of Directors and the executive management.

Nomination of candidates to the Board

Techstep’s shareholders are entitled to nominate candidates to the Board of Directors of Techstep ASA. Nominations may be submitted by sending an e-mail to marius.drefvelin@techstep.no. Nominations must be received well in advance to be considered for the election at Techstep’s annual general meeting that year.

All proposals should include information about the candidate, grounds for consideration and contact information to the person the candidate is nominated by.

 

Compensation committee

The Board of Directors has established a compensation committee composed of two Board members:

  • Einar J. Greve
  • Kristian Lundkvist

The compensation committee shall assist the Board of Directors with tasks related to the evaluation and determination of remuneration of the CEO, as well as the formulation of policy for the remuneration of executive personnel.

The remuneration committee reports and makes recommendations to the Board of Directors, but the Board of Directors retains responsibility for implementing such recommendations.

 

Audit Committee

The Board of Directors has established an audit committee, currently consisting of the following two members:

  • Ingrid Leisner
  • Camilla Magnus

The main duties of the remuneration committee are to assess the company’s financial reporting and systems for internal control, to follow up and evaluate the auditor, ensure that the auditor is independent, and assist the Nomination Committee with a proposal for the election and remuneration of auditor.

The audit committee reports and makes recommendations to the Board, but the Board of Directors retains responsibility for implementing such recommendations.