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The Nomination Committee submits recommendations to the Annual General Meeting on the election of members for the Board of Directors and for the Nomination Committee.
The Nomination Committee shall have at least three members. Nominated candidates should be shareholders or representatives of shareholders. The majority of the new Nomination Committee must be independent of the Board of Directors and the company’s management. The Company’s chief executive officer or other senior executives may not be members of the Nomination Committee.
The Annual General Meeting elects the Nomination Committee’s leader and other members. Since it is the responsibility of the Nomination Committee to propose candidates for the Board of Directors, there is no deadline for the submission of such proposals to the Nomination Committee. Shareholders can submit board candidate proposals to the selection committee via the company's website.
In 2009, the members of the Nomination Committee were Helge B. Andresen (chair), Jan Tore Berg-Knutsen, Erik Must and Olaug Svarva.