Item 7: Adoption of share-based incentives
Rationale:
Folketrygdfondet takes a positive view of executive and board share ownership schemes that align the interests of executives and shareholders, ensure good corporate governance and secure value creation over time. Folketrygdfondet also expects boards of directors to adopt schemes that are simple and clear, include a cap on allocations and are reasonable in scope. The proposed warrant plan does not include performance-based hurdles. Folketrygdfondet has therefore voted against item 7.
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