Claw-back mechanisms

In 2014 a claw-back clause was introduced, to be used for variable incentive instruments, through which the company may come back into possession of amounts already disbursed if it is determined that the achievement of objectives was due to malicious or grossly negligent conduct, or any actions carried out in violation of any applicable rules within the legally prescribed deadline (ten years). As stated in the Remuneration Report of last year, the Remuneration Committee prepared a document explaining the process and responsibilities related to implementation of this clause in 2015. The Committee ordered that this document be distributed to the assignees of the incentive plans at the time future incentive awards or promises are made.