Board of Directors’ Compensation Committee

The Compensation Committee is composed of three Board members elected by the shareholders and its work is based on terms of reference and instructions approved by the Board. The Committee submits proposals to the Board on salary and compensation schemes for the President and CEO. The Committee also gives advice to the President and CEO on salary and compensation schemes for the management. The Committee reports to the Board of Directors.

The Compensation Committee's members are:

• Martin Mæland (Chairman)
• Jette Wigand Knudsen
• Hans von Uthmann

Board of Directors’ Audit Committee

The task of the Audit Committee is to develop cooperation between the Board and the management and between the Board and the external auditors. It is composed of three Board members elected by the shareholders and its work is based on terms of reference and instructions approved by the Board. The Committee shall, on behalf of the Board, make itself familiar with and build up insight into and knowledge of accounting and financial matters as well as supervision and risk management. The Committee reports to the Board of Directors.

The Audit Committee's members are:

• Jette Wigand Knudsen (Chairperson)
• Peder Chr. Løvenskiold
• Gro Bakstad

Board of Directors’ Property Committee

The Property Committee was established in 2007. It is the task of the committee to review all investment decisions above a certain level, in order to ensure good internal control as regards the start-up of any new projects for Veidekke's own account.

The Property Committee's members are:

• Peder Chr. Løvenskiold (Chairman)
• Annika Billström
• Martin Mæland