Committees of the Board

The committees report to the Board of Telenor ASA in connection with the scope of work described in the sections above. Each member of the Board has access to all working documents including the minutes from the committee meetings.

The Governance and Remuneration Committee

The Governance and Remuneration Committee is composed of three members of the Board. The tasks of the Governance and Remuneration Committee are to ensure that Telenor has relevant policies and procedures related to good corporate governance.

With regard to remuneration issues, the committee considers Telenor’s remuneration policy and programs, including bonus programmes, share-based schemes and present recommendations to the Board of Directors for decision. The committee evaluates annually the CEO’s and the Group Executive Management’s remuneration and present recommendations to the Board of Directors for decision.

Members:

Harald Norvik (Chairman of commitee)
Burckhard Bergmann
Sally Davis
Bjørn Andre Anderssen

The Ethics and Sustainability Committee

The Ethics and Sustainability Committee is composed of four members of the Board. The tasks of the Ethics and Sustainability Committee are issues regarding occupational health and safety management, general human rights and labour practices issues, external environment (excluding climate issues), personnel security and personnel safety, risk management of any kind of potential hazards for people working directly or indirectly for the Telenor Group and supplier (in a wide sense) management in all contexts of HSSE as referred above.

Members:

Liselott Kilaas (Chairman of commitee)
Frank Dangeard
Hallvard Bakke
Brit Østby Fredriksen

The Audit Committee

The Audit Committee is composed of four members of the Board. The tasks of the Audit Committee are to monitor the financial reporting process, monitor the effectiveness of Telenor’s systems for internal control and risk management, monitor Telenor’s Internal Audit, to have regular contact with Telenor’s external auditor regarding the auditing of the annual accounts and evaluate and oversee the auditor’s independence. The Audit Committee also reviews ethics and compliance issues.

Members:

Dag J. Opedal (Chairman of commitee)
Barbara Milian Thoralfsson
Harald Stavn