Item 17: Resolution regarding guidelines for remuneration and other terms of employment for key executives
Rationale:
Folketrygdfondet’s decision to vote against this item is based on a cumulative assessment of the following elements. Payouts under the long-term incentive plan are based on earnings per share targets alone. Moreover, the company awarded CEO Mikael Ericson a bonus of 82% of base salary, despite remuneration guidelines that set a ceiling of 50% of base salary for such payments.