Committees

Nomination Committe

The Nomination Commitee is established in accordance with the Articles of Association in XXL ASA and consists of three members elected for two years at a time.

The Nomination Committee recommends shareholder-elected candidates for the Board of Directors and Nomination Committee to the Annual General Meeting of XXL ASA.

Candidates are selected considering the competence and diversity, experience and capacity of each individual and by evaluating the Board of Directors as a collegiate body. At the Annual General Meeting, the Nomination Committee also proposes remuneration, reflecting the responsibility, competence, time and complexity of the work involved. The remuneration is a fixed amount that does not depend on results or involve stock related instruments.

The majority of the Nomination Committee is independent of XXL ASA’s Board of Directors and Management, and its composition ensures the shareholder’s interests.

Nomination Committee Members:

Øistein Widding (chairman)

Thomas Aanmoen (member)

Christian Berg (member)

Proposals to nominate candidates for the Board of Directors and Nomination Committee of XXL should be submitted to the Nomination Committee at valgkomite@xxl.no 

Audit Committee

XXL ASA has established an Audit Committee. Its objective is to act as a preparatory body in connection with the Board of Directors’ supervisory roles with respect to financial reporting and the effectiveness of the internal control systems. The Audit Committee supports the Board of Directors in the administration and exercise of its responsibility for supervision in accordance with applicable provisions of the Norwegian Public Limited Companies Act and Norwegian securities legislation, as well as applicable listing standards of Oslo Stock Exchange.

Audit Committee Members:

Tom Jovik (chairman)

Kari Thørud (member)

Remuneration Commitee

XXL ASA has establised an Remuneration Committee. Its objective is to act as a preparatory body in relation to XXL ASA’s remuneration of the Executive Management. The Remuneration Committee reviews the remuneration and benefits strategy for the members of the Executive Management, the performance versus adopted objectives, recruitment policies and management development plans.

Remuneration Committee Members:

Håkan Lundstedt (chairman)

Petra Axdorff (member)