Incentive programmes

DNB's incentive programmes

DNB's incentive structure aims to manage the DNB Group's risks and opportunities. The variable remuneration scheme is performance-based without exposing the Group to unwanted risk, and it also aims to counter excessive risk-taking, as well as promote healthy and effective risk management in DNB. This is secured through a strong link between individual target setting and the Group's governance model. In DNB's variable remuneration model, the total amount is based on profits achieved over the past two years. In addition, the payment of minimum 50 per cent of the variable remuneration is deferred and conditional in the form of DNB shares. The remuneration paid in the form of shares is divided into three, subject to minimum holding periods (deferred and conditional) with one-third payable each year over a period of three years. Release of the shares is subject to an annual ex-post risk assessment in line with the regulations. Variable remuneration cannot exceed 50 per cent of fixed salary for members of the group management team. DNB does not offer other long-term incentive schemes for its employees.