Remuneration

Executive Board

Remuneration paid to the Executive Board

The Exuctive Board are employed under service contracts, and all terms of the remuneration are determined in the remuneration policy, which is approved at the annual general meeting and by the Supervisory Board. 

The Supervisory Board reviews the remuneration of the Executive Board annually. The review is based on the requirements for attracting and retaining the best qualified executive mananagement members.

Remuneration including incentive plan
The Executive Board's remuneration consists of a fixed salary, pension of 25% of the fixed basic salary and a variable salary. The variable salary constitutes up to 50% of the overall remuneration including pension.

Remuneration paid to the Executive Board in 2022

(tDKK)Morten HübbeLars BondeJohan Kirstein BrammerBarbara Plucnar Jensen
Fixed basic salary12,5665,9726,0715,545
Pension3,1411,4931,5181,386
TCO (car)255255255255
Staff benefits*76554750
Fixed basic salary, total16,0387,7767,8917,237
INP (cash)2,9071,4001,4251,307
INP (conditional shares)**4,3612,1002,1371,960
INP (variable salary), total7,2693,5013,5623,267
Total salary23,30711,27611,45210,504

*The calculation of ‘Staff benefits’ is based on the capitalised value of other staff benefits such as insurance, medical examination, mobile phone etc.;

**Value of conditional shares on allotment date in January 2023 for the 2022 performance year.