Item 8: Election of Patrick Schorn as a board member
Patrick Schorn is the CEO of Borr Drilling Limited. According to the Norwegian Code of Practice for Corporate Governance, senior executives should not be members of the board. One of the board's main tasks is to oversee the company's management, including appointing and dismissing the CEO. To ensure adequate oversight of the company's management, Folketrygdfondet believes it is essential that board members are not recruited from the management team.
Therefore, Folketrygdfondet will vote against the election of Patrick Schorn as a board member.