Incitamentsordninger

Nordea is offering competitive, but not market leading compensation packages.

Nordea has a total remuneration approach to compensation acknowledging the importance of well balanced but different remuneration packages derived from business and local market needs, as well as the importance of compensation being consistent with and promoting sound and effective risk management not encouraging excessive risk-taking or counteracting Nordea’s long term interests.

The following variable compensation components are viewed as part of Nordea's incentive systems.

Profit Sharing is aiming at stimulating value creation for the customers and shareholders and is offered to all employees. The performance criteria for 2011 programme reflect Nordea’s previous long-term targets: Risk-Adjusted Profit, Total Shareholder Return compared to the Nordic peers, and Customer Satisfaction.

Variable Salary Part (VSP) ) is offered to selected managers and specialists to ensure focus and strong performance. Assessment of individual performance shall be based on a pre-determined set of well-defined financial as well as non-financial success criteria.

Bonus scheme is offered only to selected groups of employees employed in specific businesses areas or units. The aim is to ensure focus, strong performance and maintain cost flexibility for Nordea. Judgement of individual performance shall be based on a pre-determined set of well-defined financial as well as non-financial success criteria, including Nordea Group criteria.

Long Term Incentive Programme (LTIP) is aiming at improving the long-term shareholder value and to strengthen Nordea’s capability to retain and recruit the best talents. The programme targets managers and key employees identified as essential to the future development of the Nordea Group. Performance criteria in current LTIPs reflected Nordea’s previous long-term financial targets: Risk-Adjusted Profit and Total Shareholder Return compared to the Nordic and European peers.

You can find additional information under each heading in the left hand menu. 

Updated: March 2012