The nomination committee has consisted of Tor Bergstrøm (chairman)
and Egil K. Sundbye.
 
Since the chairman has been absent due to sickness during a longer
period, Egil K. Sundbye has acted as the chairman and carried out the
work in the committee.
 
The work has been carried out in dialogue with the largest Norwegian
shareholders of the company. The nomination committee has been
provided with the self evaluation of the board of directors and has
been in contact with all board members.
 
The board
 
The chairman of the board Knut Brundtland, has informed the committee
that he desires to retire from the board of directors.
 
The nomination committee is of the opinion that the number of members
of the board of directors should be increased from five to six.
 
The nomination committee proposes that the general meeting shall
appoint the following two new members:

  * Widar Salbuvik (49)
  * Thorild Widvey (52)

Widar Salbuvik is proposed to be the chairman of the board.
 
They have both confirmed that they are candidates for the respective
positions in the board, and both are proposed to be elected for a
period of two years.
 
From the proposed candidate's curriculum vitae the following is
mentioned:
 
Widar Salbuvik

  * General manager in Widar Salbuvik AS
  * Chairman of the board of directors A/S Ludwig Movinkels Rederi
  * Chairman of the board of directors Trico Supply ASA
  * Chairman of the board of directors Furuholmen Eiendom AS
  * Chairman of the board of directors Argentum (will retire on the
    annual general meeting later this year)
  * Member of the board of directors Springfondet AS
  * Member of the board of directors Styrelederskolen AS

 
Thorild Widvey

  * Member of the Parliament (H) representing Rogaland 1989 - 1997
  * Deputy member of the Parliament 1985 - 1989
  * Parliamentary Secretary in the Fishing Ministry, Bondevik II
    Government 2002 - 2003
  * Parliamentary Secretary in the Ministry of Foreign Affairs,
    Bondevik II Government 2003 - 2004
  * Minister of Petroleum and Energy in the Bondevik II Government
    2004 - 2005
  * Member of the board of directors Tromsø 2018
  * Member of the board of directors Bjørge ASA
  * Member of the board of directors Deep Ocean ASA
  * Member of the board of directors RXT ASA
  * Member of the board of directors Akva Group ASA
  * Member of the executive board in Norsk Sjømannsmisjon

 
The remaining board members do not run for election. After an
election in line with the proposal, the board of directors will
consist of Widar Salbuvik (chairman), Hege Bømark, Jostein Devold,
Torstein Tvenge, Anne Birgitte Fossum and Thorild Widvey.
 
Remuneration to the board of directors
 
For the year 2007, it is proposed a salary to the chairman of the
board of directors of the amount NOK 400,000 and for the remaining
members a salary of the amount NOK 200,000 per year.
 
Nomination committee
 
It is proposed that the number of the members of the nomination
committee is increased from two to three.
 
The following members are suggested:

  * Tom Furulund (chairman) - A Wilhelmsen
  * Lise Lindbäck - Vital
  * Egil K. Sundbye - Opplysningsvesenets fond (re-elected)

 
Remuneration to the nomination committee
 
It is proposed the following remuneration to the nomination
committee:

  * Chairman NOK 25,000 per year.
  * The remaining members of the committee NOK 15,000 per year.

 
Oslo, 8 May 2008
Egil K. Sundbye





Copyright © Hugin AS 2008. All rights reserved.