Hexagon AB

At the Hexagon AB annual general meeting, Folketrygdfondet, manager of the Government Pension Fund Norway, voted against item 14 for the following reasons:

Item 14: Guidelines for remuneration to senior executives

Folketrygdfondet’s decision to vote against the executive remuneration policy is based on a cumulative assessment. We note the significant and unexplained increase in CEO compensation, the absence of detailed information on performance criteria for short-term bonus payments, and a long-term incentive program based on absolute, rather than relative performance.