For purposes of the above changes and to the extent applicable, the Company has generally taken into account the voting and views presented at General Meetings and otherwise on the Company’s remuneration policy and remuneration reports since the approval of the remuneration policy by the Extraordinary General Meeting held on 8 September 2021. 2 Remuneration of members of the Board of Directors 2.1 Introduction The remuneration paid to members of the Board of Directors is determined on basis of the required skills and efforts of the members of the Board of Directors considering the complexity of the DSV Group, the scope of their work and the number of meetings of the Board of Directors. The remuneration is assessed annually and in consideration of the current market level for similar groups of international, listed companies. Each member of the Board of Directors is elected by the General Meeting of the Company, normally for a duration of one year. No accession, retention or resignation remuneration is paid to members of the Board of Directors. 2.2 Fees Members of the Board of Directors are paid an annual, fixed base fee. Members of the Board of Directors are not entitled to any type of incentive or performance-based bonus or other form of variable remuneration, including share- based remuneration. The fees to the Chairperson and Deputy Chairperson of the Board of Directors are determined based on a multiple of the base fee. Members of the Board of Directors who serve on Committees receive an additional annual fee. The Chairperson of a Committee is entitled to a fee based on a multiple of the annual fee paid to ordinary Committee members. Annual fees to members of the Board of Directors and Committees are submitted for approval by the Annual General Meeting. Unless otherwise decided by the Annual General Meeting, the following fees shall apply for each additional Board or Board Committee position: Chairperson of the Board of Directors 2 x base fee Deputy Chairperson of the Board of Directors ½ x base fee Chairperson of the Audit Committee 1 x base fee Member of the Audit Committee ½ x base fee Chairperson of the Nomination Committee ½ x base fee Member of the Nomination Committee ¼ x base fee Chairperson of Remuneration Committee ½ x base fee Member of the Remuneration Committee ¼ x base fee Chairperson of other or ad hoc Committees ½ x base fee Member of other or ad hoc Committees ¼ x base fee If the Board of Directors instructs a member of the Board of Directors to perform specific, additional tasks on an ad hoc basis, the relevant member of the Board of Directors may receive separate, additional remuneration in this regard. Such additional remuneration must be recommended by the Remuneration Committee before being submitted for approval by the Board of Directors, and subsequently disclosed in the Company’s Remuneration Report. 2.3 Costs etc. All costs incurred by members of the Board of Directors in relation to board meetings as well as other associated costs shall be reimbursed by the Company upon request. Members of the Board of Directors may also receive fixed travel allowance and compensation in connection with their attendance at meetings of the Board of Directors and of the Committees held outside their area of residence. Further, members of the Board of Directors may be entitled to customary benefits. 3
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