The Nomination Committee is laid down in Article 10 of Schibsted’s Articles of Association, which also states the Nomination Committee’s main mandate.
The Nomination Committee’s work
The Nomination Committee prepares a recommendation to the General Meeting regarding the election of the shareholders’ representatives and their alternate representatives to the Group Board. The Nomination Committee’s most important task is to ensure a continuous evaluation of the Group Board’s overall expertise and experience in relation to the challenges facing the Group at any time.
The Nomination Committee also proposes the remuneration payable to the Group Board’s members at the Annual General Meeting.
The composition of the Nomination Committee
The Nomination Committee is elected by the General Meeting for two years at a time and consists of three members. The General Meeting elects the chair of the Nomination Committee. The majority of the Nomination Committee is independent of both the Group Board and Schibsted’s management. The CEO and chair of the Group Board attend Nomination Committee meetings as required, normally once or twice a year. Schibsted’s Head of Legal Affairs carries out the secretariat function for the Nomination Committee.
The Nomination Committee consists of the following members: John A. Rein (chair), Gunn Wærsted and Nils Bastiansen.
For more information on the Nomination Committee’s work, refer to the Nomination Committee’s report.