Compensation

ORIOR makes every en­deav­our to at­tract, re­tain and de­velop tal­ented, qual­i­fied and mo­ti­vated ex­ec­u­tives and spe­cial­ists. These en­deav­ours are sup­ported by a fair com­pen­sa­tion sys­tem de­signed to match the lev­els of com­pen­sa­tion of­fered by com­pa­ra­ble cor­po­ra­tions. With a view to fa­cil­i­tat­ing sus­tain­able cor­po­rate growth, due al­lowance is made for short-, medium- and long-term as­pects.

This Com­pen­sa­tion Re­port gives an overview of com­pen­sa­tion paid to and, where ap­plic­a­ble, loans granted to pre­sent and for­mer mem­bers of the Board of Di­rec­tors and the Man­age­ment Board, and also of their hold­ings of shares in the Com­pany. It also pro­vides in­for­ma­tion on the com­pen­sa­tion sys­tem and the ba­sic prin­ci­ples of com­pen­sa­tion, pow­ers and du­ties, and the pro­ce­dures for set­ting and ap­prov­ing com­pen­sa­tion lev­els. This com­bi­na­tion of quan­ti­ta­tive and qual­i­ta­tive el­e­ments is de­signed to ef­fi­ciently in­form share­hold­ers. The au­di­tors ex­am­ine the quan­ti­ta­tive data only.

The prin­ci­ples of the Com­pa­ny’s com­pen­sa­tion pol­icy, the var­i­ous el­e­ments of com­pen­sa­tion and the ap­proval process for de­ter­min­ing com­pen­sa­tion awards for the mem­bers of the Board of Di­rec­tors and the Man­age­ment Board are set out in the Articles of Association.

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