Executive Board

The Executive Board reports on the company's financial development and position via monthly and quarterly reporting.

The President of the Executive Board and the other Executive Board members are responsible for the company's day-to-day management, including development and results of Danisco's activities and operations, asset management, book-keeping as well as internal affairs.

Members of the Executive Board may not without prior agreement with the Board of Directors take on other duties or posts.

The Board of Directors appreciates that the members of the Executive Board take on duties or posts outside the company when this is possible subject to suitable time consumption and when estimated to give the Executive Board knowledge and experience that are valuable for Danisco.

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Option programme

The Executive Board and some 100 managerial staff are included in an option programme as described in the Annual Report.

The Chairmanship reviews the fixed remuneration of the Executive Board, including any incentive programmes, and their general conditions of employment.

The Board of Directors is entitled to be informed about details in the employment of the Executive Board.

The Chairmanship decides and proposes to the full Board of Directors the delegation of responsibilities in the Executive Board. The Chairmanship makes an annual evaluation of the work of the Executive Board, and the outcome is reported to the Board of Directors and the Executive Board.

Management's remuneration is performance-related

The Board of Directors discusses on a current basis the principles for remuneration of the Executive Board in order to ensure a balance that encourages long-term value creation as well as focus on the annual value creation and on the performance of the individual.

In the light of this, Danisco seeks a balance going forward in which an annual bonus based on predetermined targets may represent up to 50% of the fixed salary, while options should provide another 50% of the fixed salary after three years.

Executive Committee

Danisco's management forum, the Executive Committee, which includes all members of the Executive Board, meets on a monthly basis to coordinate and follow up on group performance.

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