Nomination committee
The Company shall have a nomination committee consisting of three members.
The nomination committee consist of Leiv Askvig (Leader), Paal Hvammen and Christian Aubert.
The members of the nomination committee shall be shareholders or representatives of shareholders.
The members of the nomination committee, including its chairman, are elected by the general meeting. The members of the nomination committee’s period of service shall be two years unless the general meeting decides otherwise. The period of service commences from the time of being elected unless otherwise decided. It terminates at the end of the annual general meeting of the year in which the period of service expires. Even if the period of service has expired, the member must remain in his or her position until a new member has been elected.
The remuneration to the members of the nomination committee shall be determined by the general meeting.
The nomination committee shall have the following responsibilities:
- To give the general meeting its recommendations regarding the election of board members to be elected by the shareholders,provided however that EAM Solar Park Management AS shall have the right to give its recommendation for two of the board members;
- To give the general meeting its recommendations regarding the remuneration to the board members;
- To give the general meeting its recommendations regarding the election of members of the nomination committee; and
- To give the general meeting its recommendations regarding the remuneration to the members of the nomination committee.
The general meeting may issue further guidelines for the nomination committee’s work.
Audit Committee
The Company is exempt from the obligation to have an audit company as it satisfies the criteria in section 2.3.3 (3) no. 4 of the Listing Rules and section 6-41 (2) of the Norwegian Public Limited Liability Companies Act.
The Company has nevertheless established an audit committee. The current members of the audit committee are the entire Board of Directors (Ingelise Arntsen, Paal E Johnsen and Viktor E Jakobsen). The Company believes that the audit committee satisfies the requirements in section 6-42 of the Norwegian Public Limited Liability Companies Act. Neither one of these two members of the committee are employees of the Company, both Ingelise Arntsen and Paal E Johnsen are independent of the Company and have qualifications related to accounting.