Langsigtet incitamentsordning
Nordea’s Long Term Incentive Programmes (LTIP) are share-based and the outcome is subject to certain performance conditions. The Board’s main objective with the programmes is to strengthen Nordea’s capability to retain and recruit the best talent for key leadership positions. The aim is further to stimulate the managers and key employees whose efforts have direct impact on Nordea’s results, profitability and value growth, to increased efforts by aligning their interests and perspectives with those of the shareholders.
The participants take direct ownership by allocating Nordea shares to the programmes. For each ordinary Nordea share the participant locks into an LTIP, the participant, since LTIP 2010, is allotted one matching share and up to three performance shares, conditional upon fulfilment of certain performance conditions during the three year vesting period.
The underlying basic principles under the LTIPs are that the outcome shall be dependent on the creation of long-term shareholder value by fulfilment of Nordea’s long-term financial targets.
It is further required that the participant, with certain exemptions, remains employed within the Nordea Group during the initial three year vesting period and that all Nordea shares locked into an LTIP are kept during this period.
More information on the LTIP 2007, LTIP 2008, LTIP 2009, LTIP 2010 and LTIP 2011 is presented in Note G7 in Annual Report 2011 and in Annual Reports of previous years.
The Board Remuneration Committee conducted a survey during autumn 2011 targeting present and earlier participants in LTIP still employed in Nordea. The facts, the results from the survey, the feedback from management and Nordea’s financial performance clearly showed that LTIP in Nordea serves its purpose: Increasing the ability to attract and retain talents and contribute to align the organisation to the financial targets and to create an incentive for the participants to deliver excellent operating results.
Opdateret: Juli 2009
Kilde: Årsrapporten 2008
